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☆ Putin is using 'nuclear blackmail' — and Russia defeating Ukraine could spark global chaos and economic disaster, Jamie Dimon warns
▼ + stars: | 2024-04-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Russia defeating Ukraine could spark chaos and slam the global economy, Jamie Dimon said. The JPMorgan CEO said a Putin victory could fuel a nuclear arms race and trigger more battles. AdvertisementA Russian victory in Ukraine could throw the world into disarray, transform the global economy, and trigger nuclear proliferation and further conflicts, Jamie Dimon warned. Dimon emphasized that Russia has invaded a free, democratic nation and threatened nuclear war to deter resistance. Advertisement"The geopolitical situation is probably the most complicated and dangerous since World War II," he told the Economic Club of New York this week, adding that the world order is being "challenged."

Persons: Jamie Dimon, Putin, Dimon, —, We've Organizations: JPMorgan, Service, Wall, Russia, Economic, of New Locations: Russia, Ukraine, China, Europe, of New York

☆ New Biden Climate Rules Could Shutter Remaining American Coal Plants
▼ + stars: | 2024-04-25 | by ( Lisa Friedman | Coral Davenport | ) www.nytimes.com time to read: +1 min

The Biden administration on Thursday placed the final cornerstone of its plan to tackle climate change: a regulation that would force the nation’s coal-fired power plants to virtually eliminate the planet-warming pollution that they release into the air or shut down. The regulation from the Environmental Protection Agency requires coal plants in the United States to reduce 90 percent of their greenhouse pollution by 2039, one year earlier than the agency had initially proposed. The compressed timeline was welcomed by climate activists but condemned by coal executives who said the new standards would be impossible to meet. also imposed three additional regulations on coal-burning power plants, including stricter limits on emissions of mercury, a neurotoxin linked to developmental damage in children, from plants that burn lignite coal, the lowest grade of coal. The rules also more tightly restrict the seepage of toxic ash from coal plants into water supplies and limit the discharge of wastewater from coal plants.

Persons: Biden Organizations: Environmental, Agency Locations: United States

The top US diplomat landed in Shanghai where he is expected to meet local officials and business leaders, and he will then travel to Beijing for meetings with senior Chinese officials. “We are in a different place than we were a year ago when the bilateral relationship was at an historic low point,” a senior State Department official said. “Russia is no longer kind of on its back foot,” a second senior State Department official said. Blinken will make the case that China should weigh in “more directly” with Iran to be less provocative in the region, the second senior State Department official said. “In both cases the Chinese have taken some early steps,” said the second senior State Department official, adding that there is still “much more” that needs to be done on both fronts.

Persons: Antony Blinken, Joe Biden, Xi Jinping, Janet Yellen, Biden, Xi, ”, “, ” Blinken, Matthew Miller, Leah Millis, China’s, ” Xi, Blinken, ” Miller, it’s, Mark Swidan, Kai Li, David Lin Organizations: CNN, State Department, Ukraine, US, Foreign Ministry, of, People, Biden, Chinese Foreign Ministry, ASEAN, Association of Southeast Asian Nations, Beijing, Party, Taiwan, Communist, Taiwan Relations, White Locations: China, Ukraine, Shanghai, Beijing, California, Russia, Moscow, Italy, “ Russia, ”, Europe, United States, South China, Philippine, Washington, Philippines, South, Taiwan, Taiwan Strait, East, Iran

☆ You can buy an endangered monkey on Facebook in 20 minutes
▼ + stars: | 2024-03-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

It took BI 20 minutes to find endangered squirrel monkeys and other exotic species for sale. Used lawn furniture, homemade baked goods… endangered species. 20 minutes to monkeysIt took BI less than two minutes to identify Facebook accounts selling the bowmouth guitarfish horns. Advertisement"In just two mouse clicks, our researchers could locate substantial wildlife trafficking content," researchers behind the ACCO study wrote. "Facilitated by transnational organized crime networks, with links to drug, human, and weapon trafficking, illegal wildlife trade threatens not only wildlife populations," Allan told BI.

Persons: —, Crawford Allan, Allan, Jill Atkins Organizations: Facebook, Service, World Wildlife Fund, Coalition, Meta, Products, BI, Wildlife Fund, Wildlife, Alliance, WWF, United Nations, Sheffield University Management School, University of Sheffield

☆ China might have a friendlier face now, but it's not giving up on its aggressive Wolf Warrior diplomacy, experts say
▼ + stars: | 2024-03-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

The move has also fueled speculation about the end of Wolf Warrior diplomacy. BRENDAN SMIALOWSKI/AFP via Getty ImagesChina is also aware that the shock value of Wolf Warrior diplomacy brings diminishing returns. "I think the limits of wolf warrior diplomacy are apparent," Loh said. The Wolf Warrior will be backThat said, Wolf Warrior diplomacy will return, depending on the issue at hand, said Loh. LEAH MILLIS/Getty ImagesSo why did Liu tell reporters and academics in New York that Wolf Warrior diplomacy would never return?

Persons: —, Liu Jianchao, Liu, China's, Antony Blinken, ROBERTO SCHMIDT, Ian Ja Chong, Chong, Zhao Lijian, Zhao, Rather, Stanley Rosen, Rosen, you'll, Zhao dismissively, Nancy Pelosi's, Anthony Kwan, Pan Chengxin, Donald Trump's, Pan, Dylan Loh, Xi Jinping, Biden, Xi, BRENDAN SMIALOWSKI, Loh, Qin Gang, LEAH MILLIS Organizations: Service, Communist Party's International Department, of Foreign, Business, US, AFP, Getty, National University of Singapore, Foreign Ministry, University of Southern, China Institute, U.S . House, Deakin University, Nanyang Technological University of Singapore, Getty Images, Chinese Foreign Locations: New York, China, West . China, Beijing, University of Southern California's US, Maryland, Ukraine, Weibo, Taiwan, Hong Kong, Africa, Southeast Asia, Australia, Gaza, AFP, Getty Images China, West

☆ US Army attack helicopters are making 150-mile deep strike runs in the Arctic, where pilots grapple with frozen equipment and whiteout landings
▼ + stars: | 2024-03-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Helicopter pilots also have to be able to land in confined spaces, such as a small openings located in dense forests. AH-64D Apache Longbow attack helicopters fly over a mountain range near Fort Wainwright, Alaska, on June 3, 2019. Army via APTowards the end of the recent JPMRC rotation in Alaska, Eifler told reporters about a 150-mile deep strike conducted with attack helicopters. The opportunities, particularly for helicopter pilots, are limitless, Burke told BI. As soldiers told Business Insider during the training in Alaska, if you can master warfighting in the Arctic, you can wage war anywhere.

Persons: —, Thomas E, Burke, Charles Flynn, Brian S, Eifler, Alejandro Peña, Natalie Doan, Cameron Roxberry Organizations: Service, Army, 11th Airborne Division, Business, Pacific Multinational Readiness, Airborne, Readiness, Alaska Army National Guard UH, 1st Battalion, 207th Aviation Regiment, Base Elmendorf, . Air Force, Blackhawks, Aircraft, Paratroopers, U.S . Army 2nd Infantry Brigade Combat Team, 36th Airlift Squadron, Yokota Air Base, Helicopter, U.S . Army, AP, Apache Locations: Alaska, Brig, Gen, Wainwright , Alaska, China, Russia, North Korea, Richardson , Alaska, Wainwright, Japan, Fort Wainwright , Alaska

☆ Russia’s invasion of Ukraine sparked a defense boom. It’s likely to outlast the war
▼ + stars: | 2024-02-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

“While some Ukraine-related orders are starting to come through, restocking and the impact of ongoing defense spending increases will be evident further down the line,” he noted. ‘Era of insecurity’Continued US military support for Ukraine on the scale of the past two years is looking increasingly unlikely. But the pressure on Western governments to beef up their military coffers will outlast the Ukraine war, analysts say, and it started to rise even before Moscow sent its troops marching toward Kyiv two years ago. The febrile global environment has helped lift the shares of Renk, a newly-listed German maker of military tank gearboxes, including those donated by Berlin to Ukraine. And this appeal is unlikely to fade soon, given growing defense spending by governments.

Persons: Lockheed Martin, That’s, Jens Stoltenberg, ” Trevor Taylor, Russia wouldn’t, Micael Johansson, Johansson, “, Charles Woodburn, ”, House Republicans —, Donald Trump, Moscow, Oli Scarff, Trump, Joe Biden, Houthi, It’s, Susanne Wiegand, Myles Walton, Sweden’s, … Organizations: London CNN, Russia, Kyiv, BAE Systems, Thales, Rheinmetall, Lockheed, Northrop Grumman, Atlantic Treaty Organization, NATO, Royal United Services Institute, CNN, Saab, Ukraine, House Republicans, Republican, Kiel Institute, European Union, Getty, International Institute, Strategic, Renk, Reuters, New, Wolfe Research, Sweden’s Saab Locations: Ukraine, Moscow, United States, Canada, Russia, London, Europe, Swedish, Poland, Kyiv, Congress, German, European, Newcastle, Tyne, England, AFP, Beijing, Taiwan, China, Israel, Red, Berlin, Frankfurt, Gaza, New York

☆ Can Germany’s sputtering economy be revived in 2024?
▼ + stars: | 2024-02-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

Europe’s biggest economy shrank last year for the first time since the onset of the Covid-19 pandemic. And the outlook isn’t much brighter: the International Monetary Fund predicts that Germany will be the slowest-growing major economy in 2024, eking out an increase of just 0.5%. “Germany needs a fundamental economic transformation,” Marcel Fratzcher, president of the German Institute for Economic Research in Berlin, told CNN. Carsten Koall/Getty ImagesHomegrown troublesAlongside an external environment that has become more hostile to Germany’s outward-facing economy, the country’s internal political climate has worsened. Businesses such as these, which can find new markets and applications for their know-how, may hold the key to reviving Germany’s moribund economy.

Persons: What’s, ” Marcel Fratzcher, ”, Carsten Brzeski, Jens Schlueter, Constanze Stelzenmuller, Christian Lindner, Olaf Scholz, Robert Habeck, Carsten Koall, Michael Probst, Karl Haeusgen, ” Sebastian Shukla, Chris Stern Organizations: London CNN — Trains, Lufthansa, International Monetary Fund, European Union, European Commission, German Institute for Economic Research, CNN, ING, Brookings Institution, Volkswagen, Biden, Free Democratic Party, Social Democratic Party and, Green Party, Deutsche, LinkedIn, Investors, SAP, chipmaker Infineon, Intel, MAN Energy Solutions, Germany’s Machinery, Equipment Manufacturers Association Locations: Europe’s, Germany, Ukraine, Berlin, Europe, China, Zwickau, United States, Russia, “, Japan, masse, Frankfurt, ”, Hamburg, Jungheinrich, Augsburg, Munich, Esbjerg, Denmark

☆ Starbucks sued for alleged deceptive marketing of its ‘100% ethically’ sourced coffee
▼ + stars: | 2024-01-10 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +4 min

New York CNN —Starbucks is being sued by a consumer advocacy group alleging that the global coffee chain falsely and deceptively advertises the “committed to 100% ethical sourcing” claim on its coffee and tea products. There are significant human rights and labor abuses across Starbucks’ supply chain,” she said. Practices sourcing certification. Starbucks developed its own sourcing standards called Coffee And Farmer Equity Practices, or C.A.F.E in 2004. Greenberg said her group is seeking to restrict Starbucks from further engaging in deceptive advertising and to run a corrective advertising campaign.

Persons: “, ”, ” Sally Greenberg, Greenberg Organizations: New, New York CNN, National Consumers League, Starbucks, CNN, SCS Global Services, BBC Locations: New York, Washington, India, Brazilian, Brazil

But industry experts say governments need to offer incentives for companies to bring sustainable AC technologies to market and scale up. Removing humidity requires cooling air to the point at which water vapour becomes a liquid to be drained. This inability to get rid of humidity without first cooling the air makes conventional ACs less efficient. The company's AC prototype uses these materials to dry out air, aiming to produce fewer emissions than traditional ACs. More than 1 billion people living in warm climates still lack access to cooling, according to nonprofit Sustainable Energy for All.

Persons: Pedro Rodriguez, Susana Vera, We've, Lily Riahi, Riahi, Sorin Grama, Grama, Gree, Daikin, Miki Yamanaka, Larissa Gross, UNEP's Riahi, Baolong Wang, Wang, Xavier Moya, Gloria Dickie, Katy Daigle, Simon Jessop, Josie Kao Organizations: Puerta del, REUTERS, Rights, International Energy Agency, United Nations Environment Programme's, Cool Coalition, Massachusetts Institute of Technology, Daikin's Global Environment Center, Sustainable Energy, Tsinghua University, University of Cambridge, Reuters, Thomson Locations: Puerta del Sol, Madrid, Spain, Seville, Europe, Spanish, Beijing, Indonesia, Britain, U.S

☆ Top development banks, funds set up 'debt-for-nature' task force
▼ + stars: | 2023-12-04 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

[1/2] Fishermen go out to sea after Ecuador's goverment expanded the protected marine area around the Galapagos Islands, Ecuador January 24, 2022. REUTERS/Santiago Arcos Acquire Licensing RightsLONDON, Dec 4 (Reuters) - A consortium of top multilateral development banks (MDB) and climate funds launched a global "task force" on Monday to scale up the number and size of 'debt-for-nature' swaps that countries can do. It will initially be led by the Inter-American Development Bank (IDB) and the U.S. International Development Finance Corporation (DFC), lenders which between them have been involved in all the recent swaps, also including Barbados and Gabon. The Asian Development Bank, the African Development Bank, France's Agence Française de Développement, and the European Investment Bank will also be part of the task force, as well as the Green Climate Fund and the Global Environment Facility. Development banks play a particularly important role in debt-for-nature swaps because they provide the credit guarantees and/or political risk insurance that make them viable.

Persons: goverment, Santiago Arcos, Ilan Goldfajn, Scott Nathan, Marc Jones, Kirsten Donovan Organizations: REUTERS, Santiago, Reuters, Inter, American Development Bank, U.S . International Development Finance Corporation, Asian Development Bank, African Development Bank, France's Agence Française, European Investment Bank, Climate Fund, Global, Thomson Locations: Ecuador, Belize, Barbados, Gabon

☆ Ray Dalio hails the Gulf's 'renaissance states' amid a period of 'greater disorder' globally
▼ + stars: | 2023-11-28 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. We're now talking about a renaissance state here that happens within this greater geopolitical and economic environment," Dalio told CNBC's Dan Murphy on Tuesday. The UAE "is a renaissance state," Dalio said. Amid higher oil prices in recent years, the region's mammoth sovereign wealth funds had ever more to spend. The region's combined 10 largest sovereign wealth funds managed some $4 trillion in early 2023, according to the Sovereign Wealth Fund Institute.

Persons: Ray Dalio, ABU, Dalio, CNBC's Dan Murphy, Dalio's Organizations: Forbes, Getty, United, United Arab Emirates, Bridgewater Associates, United Arab, CNBC, Abu, Abu Dhabi Finance, GCC, Gulf Cooperation, Dalio's Bridgewater Associates, Pensions & Investments, The, Dubai International Financial, Sovereign Wealth Fund, —, Saudi Arabia's Public Investment Fund Locations: New York City, Taylor, ABU DHABI, United Arab, Gulf, United Arab Emirates, Abu Dhabi, U.S, Singapore, The UAE, UAE, Saudi Arabia, Dubai, London, New York, France

☆ When people move out, wildlife moves in: 10 abandoned places reclaimed by nature
▼ + stars: | 2023-11-20 | by ( Arya Jyothi | ) edition.cnn.com time to read: +15 min

The temple and surrounding forested areas were abandoned three centuries later, when the king moved the capital of the empire away from Angkor. People started moving out in the 1990s and by 2002, the village was completely abandoned. People started moving out in the 1990s and by 2002, the village was completely abandoned. The Whanganui River holds 18 fish species including eels, freshwater crayfish and black flounders. Graham Harries/ShutterstockLocated off the Pembrokeshire coast in west Wales, stands a time capsule in the form of a long-abandoned island fort.

Persons: Prohm, King Jayavarman, Alexander Arndt, Angelina Jolie’s, “ Lara Croft, pileated gibbons, silvered, Johannes Eisele, Leo Francini, Marcio Martins, University of São Paulo, Martins, “, Al Madam, Giuseppe Cacace, Yasuyoshi Chiba, James Beasley, allan wright, Kilda, Graham Harries, Shutterstock, Nicholas Mueller, ”, Mueller Organizations: CNN, Wildlife Alliance, ., Steam, SS, Titanic, Cyclone, University of São, Google Arts & Culture, National Institute of Ecology, Al, Getty, United Arab, Japan Earthquake, University of Georgia, TED, UNESCO Locations: CNN —, Europe, Ta Prohm, Cambodia, Angkor Thom, Khmer, Angkor, Shengshan Island, China, AFP, Houtouwan, Shengshan, Zhoushan, Mangapurua, , New Zealand, Nowhere, Mangapurua Valley, New, Whanganui, North, Australia, Grande, Brazil, Sao Paulo, Marcio, Korea, South Korea, Al Madam Village, UAE, Al, Dubai, United Arab Emirates, Sharjah, Fukushima, Japan, St Kilda, Scotland, Scotland’s, Kilda, Atlantic, Soay, Boreray, Fort, Wales, Pembrokeshire

☆ I'm a Gen Z climate activist and artist, and there are 5 reasons I think art can help stop the climate crisis
▼ + stars: | 2023-11-17 | by ( Elijah Mckenzie-Jackson | ) www.businessinsider.com time to read: +6 min

As an artist and climate activist, I've seen firsthand how art is used to slow the climate crisis. His work, titled "The Weather Project," which debuted at the Tate Modern in London in 2003, depicts the dynamic, all-absorbing nature of the weather. Elijah McKenzie-JacksonArt plays a crucial role in making climate action accessible to all by pushing past language barriers and triggering emotions. Through captivating visuals and innovative messaging, companies and nonprofit organizations can generate awareness of the need for climate action and motivate people to take action on various social-justice issues across media platforms. As an artist, I believe in the transformative potential of art to curb our climate catastrophe.

Persons: I've, McKenzie, Elijah Mckenzie, Jackson, Olafur Eliasson, Elijah McKenzie Organizations: Service, Jackson Humanity, Tate, Jackson Art, of Radical Contemporary Arts Locations: microalgae, London, Russian

☆ Singapore is a safe haven in a 'difficult' global environment, Morgan Stanley says
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore is a safe haven in a 'difficult' global environment, Morgan Stanley saysJonathan Garner, chief Asia and emerging market equity strategist at Morgan Stanley, is bullish on Singapore as it's the "strongest sovereign" in Asia. He says the Singapore dollar is least likely to experience weakening in a challenging macro environment.

Persons: Morgan Stanley, Jonathan Garner Organizations: Singapore Locations: Asia, Singapore

☆ The Nature Conservancy photo contest 2023: Winners announced
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Arya Jyothi | ) edition.cnn.com time to read: +2 min

“A simple stream teeming with life turned into another world — a galaxy of greens and blues shining through a dark canvas,” said contest director and judging coordinator Alex Snyder of the winning image. Captured by Irina Petrova Adamatzky, this photograph shows the glowing skin of a corn snake under ultraviolet light. Irina Petrova Adamatzky/TNC Photo Contest 2023Some images depict the peril of the natural world, like photographer Raphael Alves’ winning photograph in the Climate category, illustrating rising rivers in Anama, Brazil, in May 2021. The Nature Conservancy hopes the images will raise awareness, evoke an emotional connection to the natural world, and help support global conservation efforts. “Additionally, photography has long been a tool used by scientists and researchers to document and monitor every aspect of our natural world.

Persons: Tibor Litauszki, Tibor, Litauszki, ”, Alex Snyder, Irina Petrova Adamatzky, Raphael Alves ’, “, Alves, Yellowstone, Snyder Organizations: CNN, Nature Conservancy, Conservancy Locations: Anama, Brazil

SINGAPORE (AP) — Britain's Prince William took to the waters in Singapore for a morning of dragon boating Monday, ahead of activities for the annual Earthshot Prize awards aimed at promoting solutions for the planet’s environmental threats. Working in pairs, William and the other 19 paddlers rowed vigorously to the steady beat of a drummer standing in the bow. His boat triumphed in a brief race with another boat captained by British High Commissioner Kara Owen. Dragon boat racing, originating from China, can be traced back nearly 2,000 years before it became a modern international sport in 1976. That inspired the prince and his partners to set a similar goal for finding solutions to environmental problems by 2030.

Persons: — Britain's Prince William, Prince, Wales, William, Kara Owen, Kate, Princess, “, Laura Greenwood, Hannah Waddingham, Sterling K, Brown, Robert Irwin, Oscar, Cate Blanchett, Lana Condor, John F, Tharman Shanmugaratnam, Lee Hsien Loong Organizations: SINGAPORE, British Dragons, British High, Royal Foundation, Sterling, Singapore, United, Wildlife Locations: Singapore, Kallang, Wales, Canada, China, British, Asia, London, Boston, Kensington, Southeast Asia

☆ Wall Street warning: Ray Dalio, Jamie Dimon, Larry Fink issue grim outlooks for the global economy
▼ + stars: | 2023-10-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, and Steve Schwarzman all shared their views. They tackled topics such as inflation, recession, the Israel-Hamas war, and commercial real estate. JPMorgan CEO Jamie Dimon, BlackRock CEO Larry Fink, Goldman Sachs CEO David Solomon, Blackstone CEO Steve Schwarzman, and Bridgewater Associates founder Ray Dalio all shared their views. They touched on everything from the Israel-Hamas conflict and pressures on commercial real estate to inflation, interest rates, fiscal and monetary policies, and the risk of recession. David SolomonThe Goldman Sachs chief recalled the boom in mergers and acquisitions coming out of the pandemic, as massive amounts of fiscal stimulus and rock-bottom interest rates fueled "extreme confidence."

Persons: Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, Steve Schwarzman, —, Goldman Sachs, Blackstone, Dalio, Dimon, Fayez Nureldine, David Solomon The Goldman Sachs, that's, Solomon, Fink, aren't, he's, we'll, Schwarzman Organizations: Service, Future Investment Initiative, Tuesday, JPMorgan, BlackRock, Bridgewater Associates, Getty Locations: Saudi Arabia, Israel, Russia, Ukraine, Riyadh, AFP

The International Energy Agency (IEA) said in its World Energy Outlook 2023 report released on Tuesday that China is reaching an inflection point and its total energy demand is likely to peak around the middle of this decade. But the sheer scale of China's energy demand means that even though it's making vast strides to deploy renewables and electrify its vehicle fleet, it will still be consuming vast quantities of fossil fuels for decades to come. "In our scenarios, China's GDP growth averages just under 4% per year to 2030," the IEA said. "This results in its total energy demand peaking around the middle of this decade, with robust expansion of clean energy putting overall fossil fuel demand and emissions into decline." This means that from a climate change perspective, encouraging and supporting China's energy transition is probably the most meaningful goal that can be achieved.

Persons: it's, It's, Sam Holmes Organizations: International Energy Agency, Energy, IEA, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Europe

☆ An 'extended war'? Markets may be underestimating the Israel-Hamas conflict
▼ + stars: | 2023-10-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

Oil prices jumped 4% on Monday before shrugging off those gains in subsequent sessions, and gold prices have inched higher by a little over 1% since the attack. "Global markets have yet to fully price the inflation risks from developments — from higher oil prices and more defense spending," Savage cautioned. That would cause the premium [of oil prices] to go higher," said Rapidan Energy Group's President Bob McNally. This could spike oil prices well north of $150 per barrel," Alpine Macro said in a note following the incursion. One analyst is of the view that even if the conflict prolongs, its implications on global markets is still largely contained.

Persons: Sameh, BNY Mellon, shrugging, BNY, Bob Savage, Savage, Amir Cohen, Bob McNally, McNally, Antony Blinken, Marko Papic, Mahmud Hams Organizations: Nurphoto, Hamas, U.S ., Swiss, BNY, Stockholm International Peace Research Institute, Reuters, Energy, United Nations, U.S, ., NBC News, Palestinian Health Ministry, Clocktower Group, CNBC, Brigades, Afp, Getty Locations: Gaza City, Israel, Palestinian, Gaza, Ukraine, Stockholm, U.S, Ashkelon, Iran, United States, Persian, Mahmud

☆ Analysis: Canada's Trudeau, far behind in polls, remains the Liberals' best chance
▼ + stars: | 2023-10-11 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

[1/3] Canada's Prime Minister Justin Trudeau speaks at the close of the Seventh Assembly of the Global Environment Facility (GEF) in Vancouver, British Columbia, Canada August 25, 2023. Right now, most opinion polls show Trudeau significantly trailing his newest rival, Conservative leader Pierre Poilievre. But none are perceived to be as scrappy and determined at retail politics as Trudeau is, Liberal insiders and pollsters say. No Canadian prime minister since Wilfrid Laurier in 1908 has won four consecutive elections. In 2015, Ekos had the Liberals down 22 percentage points in the spring and Trudeau won a majority in the fall.

Persons: Justin Trudeau, Chris Helgren, Liberal Party's, Trudeau, Pierre Poilievre, Chrystia Freeland, Mark Carney, Wilfrid Laurier, Frank Graves, I'm, HOUDINI, Poilievre, Angus Reid, Shachi Kurl, Darrell Bricker, It's, Ekos, We've, we've, Kurl, Houdini, Steve Scherer, David Ljunggren, Denny Thomas, David Gregorio Our Organizations: Seventh Assembly of, Global Environment, REUTERS, Rights OTTAWA, Canadian, Liberal, Conservative, Conservatives, Liberal Party, Ekos Research, Angus Reid Institute, Liberals, Ipsos Public Affairs, Thomson Locations: Vancouver , British Columbia, Canada, Trudeau's, British Columbia, New Delhi

☆ Israel-Hamas war may lead to big risk-off market, echoing Russian invasion of Ukraine, says Alpine Macro
▼ + stars: | 2023-10-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

.SPX mountain 2022-01-01 S & P 500 Oil prices jumped Monday following the latest Middle East violence, with West Texas Intermediate crude oil futures climbing 3.7%, trading above $85 a barrel. Alpine Macro said volatility in the energy market could drag on if the conflict escalates further. "Short-term, the risk means prices should increase in the next few days and weeks," Alamariu said. In the most extreme scenario, where Israel strikes Iran's nuclear facilities, oil prices could soar above $150 per barrel, the firm said. "Israel's retaliation strategy is still TBD, but expect a very strong response, lasting weeks, if not months, and thus heightened geopolitical and market volatility," Alamariu said.

Persons: Dan Alamariu, Alamariu, Yoav Gallant Organizations: Hamas, Federal, West Texas, Israeli Locations: Israel, Russia, Ukraine, U.S, Gaza

☆ Airbus names sales chief Scherer CEO of planemaking arm
▼ + stars: | 2023-09-26 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

Airbus Chief Commercial Officer Christian Scherer is interviewed by Reuters at the International Air Transport Association's Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. Scherer's appointment as Commercial Aircraft CEO, first reported by Reuters, will take effect from Jan. 1 after discussions with unions, Airbus said. Scherer, who is currently chief commercial officer, said Airbus would meet its operational objectives. Airbus formally merged with its dominant planemaking business in 2018, meaning it combines two separate headquarters and operational functions under one CEO, with the Helicopters and Defence & Space divisions sitting underneath. The shake-up brings back a separate planemaking CEO under the same roof but the company does not appear to be re-creating two entities, something that had created a stage for chronic in-fighting in the past.

Persons: Christian Scherer, Brian Snyder, Guillaume Faury, Scherer, Faury, Tim Hepher, Louise Heavens Organizations: Airbus, Reuters, International Air, REUTERS, Rights, Commercial Aircraft, Boeing, Helicopters, Defence, Space, Thomson Locations: Boston , Massachusetts, U.S

☆ New Zealand forecasts much larger budget deficit but improved economy
▼ + stars: | 2023-09-12 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Sept 12 (Reuters) - New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as it updated forecasts heading into the October election. The government forecast a budget deficit of NZ$11.4 billion ($6.7 billion) for the year ending June 30, 2024, much larger than a deficit of NZ$7.6 billion estimated in May. The global economy has deteriorated since May, which is having a direct impact on New Zealand's economy while tax revenue is also falling, Finance Minister Grant Robertson said in a statement. "Treasury’s latest forecasts show the economy isn’t working for Kiwis," said National Party leader Christopher Luxon. ($1 = 1.6926 New Zealand dollars)Reporting by Lucy Craymer; Editing by Sam Holmes and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, Grant Robertson, Robertson, ", Christopher Luxon, Lucy Craymer, Sam Holmes, Edwina Gibbs Organizations: REUTERS, Rights, Finance, Zealanders, Treasury, Kiwis, National Party, Reserve Bank of New, Zealand, Thomson Locations: Wellington , New Zealand, Reserve Bank of New Zealand

☆ In surprise move, Canada pauses talks on trade treaty with India
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsOTTAWA, Sept 1 (Reuters) - Canada on Friday unexpectedly said it had paused talks on a proposed trade treaty with India, just three months after the two nations said they aimed to seal an initial agreement this year. Canada and India have been talking off and on since 2010 about a comprehensive economic partnership agreement. India and Canada said in May they aimed to seal an initial agreement this year to increase trade and expand investment while setting out a mechanism to deal with disputes. Last month, a top Indian trade official said New Delhi planned to hold bilateral free trade talks with Canada and other nations on the sidelines of a G20 summit next week. Neither Trudeau's office or the office of Trade Minister Mary Ng were immediately available for comment.

Persons: Justin Trudeau, Chris Helgren, we've, Sanjay Kumar Verma, Trudeau, Mary Ng, David Ljunggren, Jonathan Oatis, Andy Sullivan Organizations: Canada's, Seventh Assembly of, Global Environment, REUTERS, Rights, Canadian Press, Ottawa, Trade, Thomson Locations: Vancouver , British Columbia, Canada, India, New Delhi, Delhi

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