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New Haven‘Bill Brandt | Henry Moore ” at the Yale Center for British Art reunites two artistic giants whose careers loosely intertwined for four decades. From World War II, when their pictures of a beleaguered London during the Blitz became symbols of national grit, until their deaths in the 1980s, by which time they were respectively Britain’s most internationally acclaimed photographer and sculptor, neither was neglected by the public.
TOKYO, Dec 3 (Reuters) - Renault SA (RENA.PA) and Nissan Motor Co (7201.T) are set to forgo a Wednesday announcement of a deal to restructure their automotive alliance as they struggle to bridge their differences, three people familiar with the matter said. The French and Japanese carmakers remained apart on how to share intellectual property, the people, who declined to be named, said. Renault and Nissan declined to comment. The companies have been aiming to announce the new alliance structure as early as this month, Reuters reported this week. The question of how to share technology and intellectual property has proved to be a sticking point in the talks.
"Queer Eye" host Tan France says he noticed four key money differences between Brits and Americans. France writes, "On the whole, if you have money in America, you buy stuff. Circling back to American car culture, France said he couldn't understand why Americans take out loans to buy fancy new cars, especially when their older models still work. Before joining the cast of "Queer Eye," France was a businessman looking for independent health insurance. France writes, "It's the best con, but it's perfectly legal."
The UK military has signed a £15.4 million ($18.7 million) contract to buy a crewless submarine. The First Sea Lord Admiral says it allows the Royal Navy to further their mission to "dominate the underwater battlespace." First Sea Lord Admiral Sir Ben Key has said: "This Extra Large Autonomous Underwater Vehicle is a capability step-change in our mission to dominate the underwater battlespace." Celebrating the news of the new Navy vessel, Defense Secretary Ben Wallace said: "To meet the growing threats to our underwater infrastructure, the Royal Navy needs to be ahead of the competition with cutting-edge capabilities. We have the right equipment to protect the security of the UK and our Allies."
Why 2022 is the year of the espresso martini
  + stars: | 2022-12-03 | by ( Jordan Valinsky | )   time to read: +2 min
New York CNN Business —It might be 2022, but people are still ordering espresso martinis like it’s the 90s. The espresso martini has even displaced the classic Manhattan, a bourbon-based cocktail, in the top 10. “The elegance of the espresso martini elevates your cocktail experience at a bar or restaurant, and it also serves as an impressive after-dinner cocktail when entertaining guests at home.”2022 was the year of the espresso martini. Adobe StockThe espresso martini is a mix of vodka, coffee liqueur and espresso. Espresso martinis have also made the 86-year-old brand more appealing to younger drinkers, according to Rima Sawaya, Kahlúa’s brand director.
UK crime agency arrests 'wealthy Russian' over money laundering
  + stars: | 2022-12-03 | by ( )   time to read: +2 min
LONDON, Dec 3 (Reuters) - Britain's National Crime Agency said on Saturday it had arrested a "wealthy Russian businessman" on suspicion of money laundering and other offences as part of a crackdown on corrupt oligarchs. The unidentified 58-year-old was among three men arrested by officers from the Combatting Kleptocracy Cell (CKC) on Thursday at a "multi-million pound residence" in London, the NCA said. He was detained on suspicion of money laundering, conspiracy to defraud the Home Office (interior ministry) and conspiracy to commit perjury, the NCA said. These included a number of asset freezing orders on accounts held by people linked to sanctioned Russians. Britain has so far sanctioned more than 1,200 individuals and over 120 entities following the Russian invasion of Ukraine.
Today features my conversation with top strategist and economist, Ed Yardeni, on his recession outlook and what he sees as the US economy's biggest risks for 2023. Ed Yardeni, President of Yardeni Research Ed YardeniEd Yardeni is the president of Yardeni Research. Ed Yardeni: For the past year or so, the main issue for the US economy is inflation. EY: They can either continue to tighten until they cause a recession, but that's not my most likely scenario. I think either rates are going to go higher, causing a recession, which would bring interest rates down next year.
On Friday, G7 nations and Australia agreed a $60 per barrel price cap on Russian seaborne crude oil in a move to deprive President Vladimir Putin of revenue while keeping Russian oil flowing to global markets. OPEC virtually met on Saturday without allies such as Russia and discussed mostly administrative matters, sources said. The ministers did not discuss the Russian price cap. Five OPEC+ delegates said on Saturday the OPEC+ meeting on Sunday would likely approve a policy rollover. On Friday, two separate OPEC+ sources said a further output cut was not completely off the table given concern about economic growth and demand.
Prince William awarded five Earthshot Prizes of $1.2 million on Friday to fund climate innovation. The prestigious Earthshot Prizes were awarded on Friday in Boston. Each winner will receive £1 million ($1.2 million) to develop their climate innovations. The star-studded ceremony, hosted by Prince William and Kate Middleton, had various celebrities in attendance including Billie Eilish, Ellie Goulding, Annie Lennox, Rami Malek, Catherine O'Hara, and David Beckham. The Earthshot Prizes were launched in 2020 by Prince William and Sir David Attenborough.
LONDON, Dec 3 (Reuters) - Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs that demands for higher wages risked a wage-price spiral. While most of her colleagues backed a 75 basis-point hike to 3% last month, Dhingra voted for a half-percentage-point increase in interest rates last month, and later told lawmakers the central bank could deepen an expected recession if it pushed up borrowing costs further. "You do see a much deeper and a longer recession with rates being much higher," she told the Observer newspaper. "A wage-price spiral would mean wages should be above inflation," Dhingra told the paper. She said that those expecting further large hikes in interest rates were not taking in account BoE surveys suggesting a fall in investment and employment in the next two years.
For many influencers, brand collaborations are one of the main ways to earn income, especially for those who work full-time as content creators. Her Instagram template that she used to successfully pitch brands has helped her earn enough to sustain her lifestyle in Virginia. Kovach has a "pitch bank" of email templates, and chooses one depending on the company, product, or experience. Here is a recent template she used to successfully pitch a brand over emailInsider spoke to nine influencers who shared their exact DM and email templates used to land brand collaborations. Email templates influencers use to pitch brands:DM templates influencers use to pitch brands:
A tattoo removal studio in London is offering to eliminate Kanye West tattoos free of charge. Naama Studios announced its "Yeezy come, Yeezy go" offer on Instagram. Naama Studios announced its "Yeezy come, Yeezy go" offer on Instagram last month. "We understand that tattoos can be triggering for some people and not everyone can afford to remove their tattoos," Garbett said. EElon Musk banned him from Twitter again on Friday after West tweeted an image of a swastika.
The GOP Spending Poseurs
  + stars: | 2022-12-02 | by ( Kimberley A. Strassel | )   time to read: +1 min
Kimberley Strassel is a member of the editorial board for The Wall Street Journal. She writes editorials, as well as the weekly Potomac Watch political column, from her base in Alaska. Ms. Strassel joined Dow Jones & Co. in 1994, working in the news department of The Wall Street Journal Europe in Brussels, and then in London. She moved to New York in 1999 and soon thereafter joined the Journal's editorial page, working as a features editor, and then as an editorial writer. An Oregon native, Ms. Strassel earned a bachelor's degree in Public Policy and International Affairs from Princeton University.
But as it hosts the soccer World Cup, controversy is also descending on the tiny Gulf kingdom. “The tournament has been labeled as the first ‘fully carbon neutral FIFA World Cup tournament,’ meaning its overall impact on the planet should be zero,” the letter said. People gather around the official countdown clock showing remaining time until the kick-off of the World Cup on Nov. 11. After winning the right to host the tournament, Qatar pledged to become the first carbon neutral World Cup host. “Events like the World Cup, like the football World Cup or like the Olympics bring joy and happiness to millions of people, sometimes even billions of people, right?” he said.
A 15-year-old boy has died after falling off a train while subway surfing in Brooklyn, police said. Thursday's incident comes after a number of subway surfing cases were reported this and last year. In June, a 15-year-old boy was critically injured after hitting his head while subway surfing on top of a New York City train. Thursday's incident is not the first time a case of subway surfing has turned deadly. In October 2021, a 32-year-old man died after falling on the tracks also while on a J train over the Williamsburg Bridge.
A manhunt is underway in Massachusetts after a married couple were stabbed and “bludgeoned to death in their home” in Marshfield, a town about 30 miles southeast of Boston, officials said Wednesday. "Keeley was acquainted with the Mattsons," Cruz said of the 27-year-old, who officials said also goes by the nickname "Crispy." The Massachusetts State Police Detective Unit assigned to the Plymouth County District Attorney's Office launched an investigation into the incident after being contacted by the Marshfield Police Department. Detectives developed probable cause and identified Keeley as a person of interest in the double homicide, the district attorney’s office said. The State Office of the Chief Medical Examiner is investigating the cause and manner of the victims' deaths.
LONDON, Dec 2 (Reuters) - The Bank of England sold 1.412 billion pounds ($1.72 billion) of long-dated and index-linked gilts on Friday, taking to 3.65 billion pounds the total volume of gilts it has sold since starting to unwind earlier emergency purchases on Tuesday. Friday's sale was the third this week, as the BoE seeks to unwind the 19.3 billion pounds of purchases it made between Sept. 28 and Oct. 14, when it stepped in to stabilise the bond market after prices slumped following September's mini-budget. The BoE accepted the full amount of bids submitted by investors during Friday's purchase window. ($1 = 0.8186 pounds)Reporting by David Milliken; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.
Factbox: Global banks take axe to jobs as cost pressures mount
  + stars: | 2022-12-02 | by ( )   time to read: +4 min
LONDON, Dec 2 (Reuters) - Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result of inflation and shrinking revenues in many core business lines amid volatile markets are making bank bosses nervous about profitability in 2023. CITIGROUPCiti (C.N) eliminated dozens of jobs across its investment banking division, as a dealmaking slump continues to weigh on Wall Street's biggest banks, Bloomberg News reported on Nov.8. CREDIT SUISSECredit Suisse (CSGN.S) is accelerating cost cuts announced just weeks ago, Chairman Axel Lehmann said on Dec. 2, confirming a Reuters report, as the bank races to slash its cost base by around 2.5 billion Swiss francs ($2.68 billion). DEUTSCHE BANKDeutsche Bank (DBKGn.DE), Germany's largest bank, cut staff in its investment bank's origination and advisory teams in October, in a move than affected mostly junior bankers.
London CNN —Health officials in the United Kingdom are advising parents and schools to watch for Strep A infections following the recent deaths of six children. While there is no vaccine to prevent Strep A or iGAS infections, antibiotics are usually effective at treating them. The increase in iGAS this year has particularly been observed in children under 10, the UKHSA added. For children aged 5 to 9, there were 1.1 cases per 100,000, compared with the pre-pandemic average of 0.3. The last period of high infections was between 2017 to 2018, with four children under 10 dying in the equivalent period, the statement added.
HSBC resigns as LME member after exiting industrial metals
  + stars: | 2022-12-02 | by ( )   time to read: +1 min
LONDON, Dec 2 (Reuters) - HSBC (HSBA.L) has resigned its membership in the London Metal Exchange, the LME said on Friday, after the bank decided to close its industrial metals business two years ago. The exchange, the world's oldest and largest market for industrial metals, said in a notice that HSBC Bank plc had resigned from both the exchange and its clearing house effective on Friday. The bank was a small player in industrial metals, but told Reuters in July 2020 that returns were too low to justify continuing the business. "We remain focused on growing our leading position in precious metals," a HSBC spokesperson said on Friday. HSBC was a Category 2 LME member, which allows trading for their own account and on behalf of clients using the LME electronic system, but not in the open-outcry ring.
Growth stocks have been hit hard by a combination of rising rates and forecasts of an impending recession. But rather than pivoting toward an entirely defensive portfolio, Citi says investors might do better with a portfolio of stocks ranked high for value, growth and defensiveness simultaneously. Citi named U.S.-listed IT giant Accenture , trucking company Old Dominion and U.K.'s online car portal Auto Trader as "low risk, quality and growth" stocks. The Citi analysts said they screened the MSCI World index of 1,500 stocks for companies in the top quantiles for growth, low risk and quality simultaneously. "There are also several months where there is no overlap at all for value and in the past year the overlap of growth and defensive stocks has dropped from 25 to around 5," the analysts added.
Euro, European shares fall after U.S. jobs datra
  + stars: | 2022-12-02 | by ( )   time to read: +1 min
LONDON, Dec 2 (Reuters) - European shares, the euro and government bond prices fell after U.S. jobs data came in above expectations, challenging hopes that the U.S. Federal Reserve may start slowing the pace of its interest rate hikes. Euro zone government bond yields, which move inversely with prices, reversed earlier falls. Germany's 10-year yield rose as much as 3 basis points on the day to 1.855%, having been down around 5 bps prior to the release. Germany's 2-year yield, more sensitive to changes in interest rate expectations, was last unchanged at 2.04%, having fallen 8 bps before the data. Reporting by London markets team, editing by Yoruk BahceliOur Standards: The Thomson Reuters Trust Principles.
The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. LONDON — A consortium led by automotive giant Toyota will receive millions in funding to develop a hydrogen fuel cell pickup truck in the U.K. Toyota Motor Manufacturing UK is heading up the consortium, which is being backed by £5.7 million (around $7 million) of industry funding and £5.6 million from the U.K. government. Although the initiative is being led by TMUK, Toyota said "technical support" would come from Toyota Motor Europe R&D. "Within the scope of the funding bid, initial prototype Hilux vehicles will be produced at Burnaston during 2023," it added.
The test used a converted regional aircraft engine from Rolls-Royce, with hydrogen produced at the European Marine Energy Centre in Orkney. LONDON — Plans to reduce the significant environmental effects of aviation took a step forward this week after Rolls-Royce and easyJet said they had carried out the ground test of a jet engine that used hydrogen produced from tidal and wind power. The test, which was carried out at an outdoor site in the U.K., used a converted regional aircraft engine from London-listed Rolls-Royce. "This is a true British success story, with the hydrogen being used to power the jet engine today produced using tidal and wind energy from the Orkney Islands of Scotland," Shapps added. Using hydrogen to power an internal combustion engine is different to hydrogen fuel cell technology, where hydrogen from a tank mixes with oxygen, generating electricity.
[1/3] A girl walks past a flag of Ghana outside the Cape Coast Castle, in Ghana, July 28, 2019. "If Ghana decides to use the guarantee, it has to pay back immediately to the World Bank," Mitu Gulati, a law professor at the University of Virginia and debt restructuring expert, said. "This is a highly protected instrument that was issued with the logic that Ghana would never default on the World Bank," Gulati said. Ghana 2030 bondIN OR OUT? Ghana has not yet said whether the 2030 issue will be part of its debt restructuring.
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