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☆ Euro zone inflation dents euro, dollar rises from three-month low
▼ + stars: | 2023-11-30 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

A New Zealand dollar coin sits atop a United States one dollar bill in this photo illustration taken on March 11, 2016. Consumer price growth in the 20 nations that share the euro currency dropped to 2.4% in November from 2.9% in October, well below expectations for a fall to 2.7%. The euro dropped as much as 0.5% against the dollar to $1.0910. The Japanese currency has firmed almost 3% against the dollar in November and is on course for its strongest month this year. Sterling was last at $1.2646, down 0.39% on the day, while the Australian dollar fell 0.1% to $0.6610.

Persons: David Gray, Matthew Landon, disinflation, Landon, ECB policymaker Fabio Panetta, Mohamad Al, Jerome Powell, Christopher Waller, Christopher Wong, Toyoaki Nakamura, Sterling, It's, Samuel Indyk, Ankur Banerjee, Vidya Ranganathan, Kim Coghill, Miral Fahmy, Susan Fenton Organizations: New Zealand, REUTERS, European Central Bank, Morgan Private Bank, ECB, ECB policymaker, Danske Bank, Bank of Japan, Thomson Locations: States, Europe, U.S, London, Singapore

☆ Malaysia Brings Home 121 Suspected Victims of Job Scams Trapped in Myanmar Conflict
▼ + stars: | 2023-11-30 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

KUALA LUMPUR (Reuters) - A total of 121 people, mostly Malaysians suspected of being victims of job scams, were evacuated from Myanmar on Friday after being stranded by fighting between the military and rebel groups in the country's north, Malaysia's foreign ministry said. The mission came amid continuous fighting in northern Myanmar after an alliance of armed ethnic groups launched an offensive in late October. The groups have seized control of several towns and military outposts near the country's border with China, disrupting trade. Malaysia's deputy foreign minister Mohamad Alamin said the rescued group were among 128 people stranded in Laukkaing, a town in Myanmar's northern Shan state, state news agency Bernama reported on Friday. Hundreds of Malaysians have been rescued from cybercrime and job scam networks across Southeast Asia in recent years.

Persons: Mohamad Alamin, Bernama, Malaysia's, Mohamad, Rozanna Latiff, Gerry Doyle Organizations: Reuters Locations: KUALA LUMPUR, Myanmar, Indonesian, Kuala Lumpur, Kunming, China, Laukkaing, Shan, Southeast Asia

☆ A PhD student in the UK has been found guilty of 3D-printing a chemical weapon drone in his bedroom for a terrorist attack
▼ + stars: | 2023-09-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A PhD engineering student in the UK built a bomb-capable drone for ISIS, authorities said. The drone was designed to mimic the Tomahawk missile, and was built in his bedroom, police said. Al-Bared manufactured the drone "specifically to transport an explosive or chemical weapon into enemy territory for ISIS," the statement added. AdvertisementAdvertisementBut the police said they found records of al-Bared researching how to get his drone sent to a war zone. "He had researched chemical weapons including ricin, sarin, and mustard gas," said Detective Chief Superintendent Mark Payne, who leads the counter-terrorism police department in the West Midlands.

Persons: Mohamad al, Bared, —, Al Bared's, Alistair Webster, Webster, Mark Payne, Payne, Michelle Heeley, Heeley Organizations: ISIS, Service, Islamic, BBC, Birmingham University, Birmingham, UK, Sky Locations: Islamic State, Coventry, West Midlands

☆ Harrowing migrant drama puts spotlight on Europe border cruelty
▼ + stars: | 2023-09-05 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

[1/3] The 80th Venice Film Festival - Premiere for the film "Zielona Granica" (Green Border) in competition - Red Carpet - Venice, Italy, September 5, 2023. "Green Border", which premieres at the Venice Film Festival on Tuesday, tells the story of refugees, charity workers, activists and border guards, whose lives intersect in the cold, swampy forests between the two east European countries. Migrants started flocking to the border in 2021, after Belarus, a close Russian ally, opened travel agencies in the Middle East offering a new unofficial route into Europe - a move the European Union said was designed to create a crisis. "If we go further on this road ... the European Union, Europe, the continent of freedom, democracy (and) human rights will disappear. "Green Border" is one of 23 movies competing for the Golden Lion award at the Venice festival, which runs until Sept. 9.

Persons: Jalal Altawil, Dalia Naous, Mohamad Al Rashi, Maja Ostaszewska, Agnieszka Holland, Behi Djanati Atai, Tomasz Wlosok, Marcin Wierzchoslawski, Fred, Holland, Crispian Balmer, Nick Macfie Organizations: Migrants, European Union, Nazi Holocaust, Golden, Thomson Locations: Venice, Italy, VENICE, Polish, Belarus, Russian, Europe, Poland, Syria, Afghanistan, Holland, East, Africa, Ukraine

The Aussie was last up 0.6% at $0.6656, after leaping as high as $0.6686, a level last seen on May 16. "For this week it will be wait-and-see mode for euro-dollar," Al-Saraf said, expecting euro-dollar to remain rangebound around 1.07. Meanwhile, the dollar was flat at 139.58 yen , while sterling fell 0.2% to $1.2410. Elsewhere, bitcoin attempted to find its feet around $25,700, after tumbling 5.1% on Monday in its biggest drop since April 19. Reporting by Samuel Indyk and Kevin Buckland; Editing by Shri Navaratnam, Kim Coghill and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Sean Callow, Chris Turner, Mohamad Al, Saraf, bitcoin, Binance, Changpeng Zhao, Samuel Indyk, Kevin Buckland, Shri Navaratnam, Kim Coghill, Ed Osmond Organizations: Australian, Reserve Bank of Australia, U.S, Westpac, Bank of, BoC, Canadian, CENTRAL FOCUS, Market, Danske Bank, Fed, European Central Bank, Securities, Exchange Commission, SEC, Thomson Locations: U.S

☆ Jordan must accelerate reforms to drive faster growth -IMF
▼ + stars: | 2023-05-17 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +2 min

"With unemployment still high, and particularly among the youth and women, structural reforms are essential for achieving strong and inclusive growth and creating more jobs," IMF official Ron van Rooden told reporters. “Despite a challenging global and regional environment, Jordan has maintained macroeconomic stability," van Rooden said. Jordan's macroeconomic stability had helped it tap more favourable interest rates from international capital markets than other sovereign countries when it issued last months' Eurobond worth $1.25 billion, he said. "We are calling Jordan a success story because they have consistently implemented sound macroeconomic policy, fiscal policy, monetary policy," he said. Inflation was on track to moderate to 2.7% in 2023 from earlier projections of 3.8% with a tight monetary policy that helped to curb global inflationary pressures, van Rooden said.

TEL AVIV — Israel and Palestinian Islamic Jihad have agreed to a cease-fire ending five days of fighting between the two sides, one U.S. official and one Israeli official told NBC News on Saturday. The fighting has killed 33 Palestinians inside Gaza, including at least 13 civilians. Over the past few days, Israel has conducted more airstrikes, killing other senior Islamic Jihad commanders and destroying their command centers and rocket-launching sites. The Israeli military alleged the targeted homes belonged to or were used by Islamic Jihad militants. Islamic Jihad has retaliated by firing over 1,200 rockets toward southern and central Israel, according to the military.

Cloetta AB, (CLOEb.ST) a Swedish confectioner which makes Lakerol lozenges that use gum arabic, has "ample" stock of the ingredient, a spokesperson said in an email. Global production of gum arabic is about 120,000 tonnes a year, worth $1.1 billion, according to estimates cited by Kerry Group. "Both buyers and sellers are clueless on when things will normalise.”Alwaleed Ali, who owns AGP Innovations Co Ltd, a gum arabic exporting business, said his customers are looking for alternative countries to source gum arabic. It accounts for the livelihoods of thousands of people and the more expensive variety can cost about $3,000 a tonne, according to Gum Sudan. There is a poorer quality, cheaper gum from outside of Sudan, but the preferred ingredient is only found in acacia trees in Sudan, South Sudan and Chad, Alnoor said.

DOHA/RABAT, Dec 14 (Reuters) - Moroccans slumped with disappointment on Wednesday after their team's semi-final defeat to France, but were still pumped with pride for a World Cup run that spurred tears of joy across Africa and the Arab world. In the first World Cup held in an Arab country, and one already marked by upsets, Morocco won supporters far afield as the first Arab team to reach the quarter-finals and the first African team to reach the semis. It is already an honour and we are proud to see people from different countries root for the Moroccan team," said Taoufiq Ouchikh. We lost to a world Cup champion and we dominated," said Abdelilah Sair, another fan watching in the same cafe. Moroccan Prime Minister Aziz Akhannouch lauded a team he called heroes that brought joy to Moroccans and made the country's name "resonate on every tongue during the World Cup".

☆ Malaysia's new prime minister Anwar Ibrahim vows to unify the country and fight corruption
▼ + stars: | 2022-11-25 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

watch nowNew prime minister Anwar Ibrahim has pledged to make "Malaysia for all Malaysians," fight corruption and reiterated that he won't be taking a salary as Malaysians battle rising costs of living. International relationsCongratulations poured in from leaders from all over the world including Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong. Malaysia's Anwar Ibrahim takes his first press conference after being appointed prime minister. Perikatan Nasional won 73 seats and was runner-up to Anwar's Pakatan Harapan which won 82 seats. Prime Minister Anwar Ibrahim swron in by Malaysia's King Sultan Abdullah Sultan Ahmad Shah on Thursday Mohd Rasfan | Afp | Getty Images

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