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☆ Presidential election or not, economists say, the Fed will cut interest rates in the fall if it must
▼ + stars: | 2024-03-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed officials have said they will begin to cut rates whenever they have “gained enough confidence” that inflation is under control. The Bank of Japan announces its latest interest rate decision. The Reserve Bank of Australia announces its latest interest rate decision. The Federal Reserve announces its latest interest rate decision and releases a fresh set of economic projections, followed by a news conference featuring Chair Jerome Powell. The Bank of England announces its latest interest rate decision.

Persons: Wall Street’s, “, ” Kathy Bostjancic, ”, Jerome Powell, ” Powell, Fed hasn’t, Nathaniel Beck, Elizabeth Warren of, Powell, lambasting, Donald Trump, reappoint Powell, ” Kayla Bruun, David Goldman, Anna Bahney, Cowen, Lennar, Mills Organizations: CNN Business, Bell, Washington CNN, Federal Reserve, Fed, Nationwide, CNN, Elizabeth Warren of Massachusetts, Democratic, Republican, Morning, National Association of Realtors, NAR, Realtors, Toll Brothers, National Association of Home Builders, Bank of Japan, Reserve Bank of Australia, US Commerce Department, Micron Technology, Prudential, Accenture, Nike, FedEx, lululemon, Darden, Academy Sports, Bank of England, US Labor Department, Global Locations: Washington, Wells Fargo

☆ What a Trump 2.0 Economy Would Look Like
▼ + stars: | 2024-03-15 | by ( Tim Smart | ) www.usnews.com time to read: +10 min

Overall, the Biden economic plan draws less than favorable reviews from voters. So, too, are promises of more tax cuts and a sharp curtailment of immigration. Trump was upset in 2019 that Powell was not doing enough to lower interest rates and stimulate the economy. The Trump tax cuts are set to expire in 2025, giving a second Trump administration the opportunity to fight that battle again. “A Trump 2.0 presidency would inherit very large fiscal deficits from the Biden Administration, rising interest expenses and an economy probably more prone to bouts of inflation,” the report said.

Persons: Muhammad Ali, Joe Frazier, Joe Biden, Donald Trump, Biden, Trump, There’s, ” Trump, it’s, ”, Patrick Horan, “, Tony Soprano, Patrick Kilbane, ” Kilbane, “ Trump, ” George Calhoun, Calhoun, ” Matt Gertken, Alex Nowrasteh, ” Michael Clemens, Clemens, Jerome Powell, Powell, Xi Jinping, Maria Bartiromo, reappoint Powell, Steve Mnuchin, ” Maxime Darmet, Darmet, Kevin McCarthy Organizations: Manila ”, Trump, CNBC, Monday, White, George Mason University, Ullmann Wealth Partners, Republican Party, Senate, Affordable, Quantitative, Stevens Institute of Technology, TikTok, Democratic, BCA Research, Labor, CATO Institute, Peterson Institute for International, University of Colorado, Federal Reserve, Federal, Biden, Fox Business, Trump Cabinet, House, Allianz Research, Biden Administration, U.S, Allianz Trade, Congress, GOP Locations: Manila, COVID, China, U.S, America, France

☆ Trump warns the market will crash if he loses. Investors just laugh
▼ + stars: | 2024-02-27 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Former President Donald Trump is once again warning the stock market is doomed unless voters return him to the White House. He went on to say a loss for him would spark “the largest stock market crash we’ve ever had.”But there is no evidence to support that claim. “This is just an encore presentation of what he said last time,” said Art Hogan, chief market strategist at B. Riley Financial. In fact, the stock market has generated higher annual returns when Democrats are in power. It’s true that Trump’s surprise victory in November 2016 helped spark an impressive rally in the stock market as investors bet on deregulation, tax cuts and infrastructure.

Persons: Donald Trump, Trump, you’re, ” Trump, ”, Brian Gardner, “ There’s, ” David Kelly, “, Kelly, Joe Biden, Biden, Hogan, ” Sam Stovall, he’s, “ It’s, Dow, ” Kelly, Gardner, James Singer, CNN it’s “, ” Singer, Jerome Powell —, Powell, Jerome Powell, Greg Valliere, Trump’s Organizations: New, New York CNN, CNN, White, Trump, Asset Management, Dow, Riley, CFRA Research, GOP, “, Nasdaq, Federal Reserve, JPMorgan, Biden, Republicans, Democrat, Research, —, Republican, AGF Investments Locations: New York, Washington, Trump, China

☆ A soft landing is now likely. But Americans will still deal with unaffordable housing
▼ + stars: | 2024-02-04 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

In a letter days before the Fed’s decision Wednesday to hold interest rates steady at a 23-year high, Democratic US senators blasted the central bank for America’s housing woes. In 2021 when the Fed’s key interest rate was near zero, home-price growth soared at a historic double-digit pace, according to the S&P CoreLogic Case-Shiller National Home Price Index. Divounguy said that the average 30-year fixed mortgage rate will likely not fall below 6% this year. That way we can actually start heading in the right direction with affordability and have that be sustainable and not just a short-term interest rate phenomenon,” she said. Richmond Fed President Thomas Barkin delivers remarks.

Persons: Valerie Plesch, Orphe Divounguy, Freddie Mac, it’s, Fannie Mae, Divounguy, ” Daryl Fairweather, Trump, Jerome Powell, Donald Trump, Powell, David Goldman, Alexandra Ross, ” Trump, Maria Bartiromo, Joe Biden, Estee Lauder, Tyson, Raphael Bostic, Eli Lilly, Loretta Mester, Walt Disney, Adriana Kugler, Thomas Barkin, Michelle Bowman, Ralph Lauren, Armour Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Democratic, Eccles Federal Reserve, Bloomberg, Getty, CNN, National Association of Realtors, Fox Business, Bureau of Labor Statistics, Trump, Fed, Caterpillar, Tyson Foods, P Global, Institute for Supply Management, Atlanta Fed, Toyota, UBS AG, Chipotle, Cleveland Fed, Walt, CVS, PayPal, Brands, Fox, The Carlyle, News Corporation, New York Times Company, Mattel, Spirit Airlines, US Commerce Department, China’s National Bureau of Statistics, ConocoPhillips, Unilever, Duke Energy, Expedia, Warner Music Group, Tenet Healthcare, Richmond Fed, Pepsico, Honda Locations: Washington, Washington , DC, CAVA

☆ Trump says he would not reappoint Fed Chair Jerome Powell
▼ + stars: | 2024-02-02 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

New York CNN —Former President Donald Trump said that if he is reelected, he would not reappoint Federal Reserve Chair Jerome Powell, accusing Powell of considering rate cuts to give Democrats an advantage in the 2024 elections. The former president said he has “a couple of choices” for the next Fed chair but declined to name them. Powell reiterated Wednesday the Fed is considering rate cuts to bring rates down from multi-decade highs designed to combat high inflation. Trump accused Powell of being “political,” adding to years of verbal attacks since Trump nominated him for Fed chair in 2017. Trump sparred with Powell almost immediately after he was appointed to the Fed, accusing Powell of hiking interest rates to harm the economy.

Persons: Donald Trump, Jerome Powell, Powell, ” Trump, Maria Bartiromo, Trump, Joe Biden, it’s, ” Stocks, Biden’s, he’s, ” Powell, “, ” Organizations: New, New York CNN, Fox News Business, Bureau of Labor Statistics, Trump, Fed, Duke University, London Business School Locations: New York

☆ Trump criticizes Fed Chair Powell for considering interest rate cuts this year to 'help the Democrats' win elections
▼ + stars: | 2024-02-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +2 min

On a Friday morning interview with Fox News, Trump criticized Federal Reserve Chair Jerome Powell's handling of the economy, particularly regarding interest rates. "I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected." While the committee's Summary of Economic Projections in December penciled in three interest rate cuts for this year, Powell said on Wednesday that it's highly unlikely those cuts will take place at the next meeting in March. The jobs data on Friday will support a decision to delay rate cuts until after March — the US economy beat expectations by adding 353,000 jobs. However, some Democratic lawmakers have been urging Powell to consider cutting interest rates sooner rather than later to give Americans financial relief.

Persons: Donald Trump's, Trump, Jerome Powell's, Powell, reappoint Powell, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Fox News, Federal

☆ Trump Would Not Reappoint Powell as Fed Chief
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Former President Donald Trump said he would not reappoint Federal Reserve Chair Jerome Powell if Trump wins this year's presidential election, the Republican frontrunner told Fox Business in an interview aired Friday. "No I wouldn't," Trump said in response to a question on whether he would reappoint Powell, whose second four-year term as chair will expire in 2026. Trump said he believes Powell is going to lower interest rates to help President Joe Biden's prospects for re-election. "I think he’s going to do something to help the Democrats, if he lowers interest rates,” Trump said. Biden, a Democrat who beat Trump in the 2020 White House race, reappointed Powell to a second term in 2021.

Persons: Donald Trump, Jerome Powell, Trump, reappoint Powell, Powell, Joe Biden's, ” Trump, Biden, Dan Burns, Doina, Chizu Nomiyama Organizations: Reuters, Trump, Republican, Fox Business, White, Fed Locations: U.S, Iranian, Suez, Asia, Europe, South Africa

☆ Italy Weighs Ban on Technocrat-Led Government in Proposed Constitution Reform
▼ + stars: | 2023-11-03 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Angelo Amante and Giuseppe FonteROME (Reuters) - Italy's cabinet was set to propose on Friday a ban on technocrat-led governments, a draft law bill seen by Reuters showed, as part of a constitutional reform to introduce the direct election of the prime minister. Italy has had almost 70 governments since World War Two, more than twice the number in Britain and Germany. The right-wing administration of Prime Minister Giorgia Meloni, who took office last year, made ending the country's chronic political instability strengthening the bond between governments and voters a key policy plank. The main opposition groups, the centre-left Democratic Party (PD) and the 5-Star Movement, have already spoken out against the plan. Only the small centrist Italia Viva party of former premier Matteo Renzi said it might back the government.

Persons: Angelo Amante, Giuseppe Fonte, Giorgia Meloni, Mario Draghi, Sergio Mattarella, COVID, Matteo Renzi, Alison Williams Organizations: Reuters, European Central Bank, Democratic Party, Star Movement, Italia Viva Locations: Italy, Britain, Germany, technocrats

MADISON, Wis. (AP) — A vote by the Republican-controlled Wisconsin Senate last month to fire the state's nonpartisan top elections official had no legal effect, and lawmakers are barred from ousting her while a lawsuit plays out, a Dane County judge ruled on Friday. Administrator Meagan Wolfe will continue serving as head of the Wisconsin Elections Commission pending a decision on whether elections commissioners are legally required to appoint someone for the Senate to confirm, Judge Ann Peacock said. They also asked Peacock to order the elections commission to appoint an administrator for the Senate to vote on. The bipartisan elections commission deadlocked in June on a vote to reappoint Wolfe. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Persons: Meagan Wolfe, Ann Peacock, Wolfe, Josh Kaul, Peacock, ” Kaul, reappoint Wolfe, Joseph Czarnezki, Joe Biden, Biden, Donald Trump, ” Organizations: Republican, Wisconsin Senate, Senate Republicans, Senate, Democratic, GOP, Republicans, WEC, Associated Press, America Statehouse News Initiative, America Locations: MADISON, Wis, Wisconsin, Dane

MADISON, Wis. (AP) — Republicans who control the Wisconsin Senate's elections committee retaliated Tuesday against one of the three Democratic elections commissioners who tried to block them from voting to fire the state's nonpartisan top elections official earlier this year. The committee voted along party lines against confirming Democratic Commissioner Joseph Czarnezki, who was appointed to the Wisconsin Elections Commission in May by Democratic Gov. The bipartisan elections commission, which consists of three Democrats and three Republicans, deadlocked in June on a vote to reappoint nonpartisan Administrator Meagan Wolfe. Senate Republicans proceeded anyways, voting last month to fire her. Democratic Sen. Mark Spreitzer, a member of the elections committee, accused Republicans of bowing to pressure from elections skeptics on Tuesday.

Persons: Joseph Czarnezki, Tony Evers, Meagan Wolfe, Czarnezki, Wolfe, Josh Kaul, Republican Sen, Dan Knodl, ”, ” Czarnezki, “ I'm, Joe Biden, Biden, Donald Trump, Democratic Sen, Mark Spreitzer, “, Evers, Scott Walker, ” Evers Organizations: —, Democratic, Commission, Democratic Gov, GOP, Republican, Senate, Republicans, Republican Gov, Associated Press, America Statehouse News Initiative, America Locations: MADISON, Wis, Wisconsin, Milwaukee County, Milwaukee

☆ Analysis-Amid Israel turmoil, markets want continuity at central bank helm
▼ + stars: | 2023-09-21 | by ( Steven Scheer | ) www.reuters.com time to read: +5 min

JERUSALEM (Reuters) - Financial markets are hoping Prime Minister Benjamin Netanyahu keeps Bank of Israel Governor Amir Yaron for a second term to safeguard the bank’s independence and provide reassuring stability to an economy rattled by political turmoil this year. FILE PHOTO: The Bank of Israel building is seen in Jerusalem June 16, 2020. “Therefore, markets and credit rating agencies are reading more into the question of ‘yes’ or ‘no’ to a second term. “Who will be governor is a major concern for investors abroad,” said Leader Capital Markets Chief Economist Jonathan Katz. Israeli media have reported that Netanyahu is considering Efraim Benmelech - a professor of finance at Kellogg School of Management at Northwestern University.

Persons: Benjamin Netanyahu, Amir Yaron, Ronen, Netanyahu, Yaron, Karnit Flug, Fitch, ”, Jonathan Katz, “, ” Katz, Nadine Baudot, Jacob Frenkel, ” Frenkel, Netanyahu’s, Flug, Stanley Fischer, Fischer, Efraim Benmelech, Benmelech, Andrew Abir Organizations: Bank, Israel, Bank of, REUTERS, Netanyahu’s, Wharton School, University of Pennsylvania, Reuters, ”, Capital Markets, Bank of Israel, Israel Democracy Institute, U.S . Federal Reserve, Kellogg School of Management, Northwestern University Locations: JERUSALEM, Bank of Israel, Jerusalem, Israeli, United States, Ukraine, Russia, “ Israel, Israel

☆ Analysis: Amid Israel turmoil, markets want continuity at central bank helm
▼ + stars: | 2023-09-21 | by ( Steven Scheer | ) www.reuters.com time to read: +6 min

[1/2] The Bank of Israel building is seen in Jerusalem June 16, 2020. "Therefore, markets and credit rating agencies are reading more into the question of 'yes' or 'no' to a second term. "Who will be governor is a major concern for investors abroad," said Leader Capital Markets Chief Economist Jonathan Katz. A few years earlier in 2010, Stanley Fischer accepted a second term and helped Israel weather the global financial crisis. Reporting by Steven Scheer Additional reporting by Maayan Lubell Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Ronen, Amir Yaron's, Benjamin Netanyahu, Amir Yaron, Yaron, Netanyahu, Flug, Fitch, Jonathan Katz, Katz, Nadine Baudot, Jacob Frenkel, Frenkel, Netanyahu's, Stanley Fischer, Fischer, Efraim Benmelech, Benmelech, Andrew Abir, Steven Scheer, Maayan, Christina Fincher Organizations: Bank of, REUTERS, Bank, Israel, Netanyahu's, Wharton School, University of Pennsylvania, Reuters, Capital Markets, Bank of Israel, Israel Democracy Institute, U.S . Federal Reserve, Kellogg School of Management, Northwestern University, Thomson Locations: Bank of Israel, Jerusalem, JERUSALEM, Israeli, United States, Ukraine, Russia, Israel

MADISON, Wis. (AP) — The Wisconsin Senate's elections committee was set to vote Monday on the future of the battleground state's top elections official, clearing the way for the full Republican-controlled Senate to vote on firing her as soon as Thursday. Democrats have accused GOP leaders of improperly pushing through the confirmation process for nonpartisan Wisconsin Elections Commission Administrator Meagan Wolfe after the commission's three Republicans and three Democrats deadlocked along party lines in a reappointment vote in June. Wolfe did not attend a public hearing the Senate elections committee held last month on her reappointment. That hearing attracted dozens of election skeptics who repeated widely debunked claims about the 2020 election and called for Wolfe to be fired or even arrested. Elections observers have raised concerns that firing Wolfe or disputing her position through the 2024 election could encourage election skeptics who have already harassed and threatened election officials over the 2020 election.

Persons: Meagan Wolfe, reappoint Wolfe, Wolfe, Joe Biden, Biden, Donald Trump, ___ Organizations: Republican, Democratic, Republicans, Associated Press, America Statehouse News Initiative, America Locations: MADISON, Wis, Wisconsin

Stocks: The S&P 500 index rose 0.6% to 2874.69. In fact, the Fed had begun cutting its policy rate just weeks before his 2019 Jackson Hole appearance to offset headwinds to growth from then-President Donald Trump's trade war with China. Powell's "Challenges for Monetary Policy" speech signaled more rate cuts were likely coming. Stocks: The S&P 500 index rose 0.2% to 3484.55. Stocks: The S&P 500 index rose 0.9% to 4509.37.

Persons: Jerome Powell, Jackson, Jim Urquhart, he's, Graphics Powell, Janet Yellen, hawkish Powell, Lean, Powell, Donald Trump's, Trump, Joe Biden, Biden, reappoint, Stocks, Ann Saphir, Dan Burns, Paul Simao Organizations: REUTERS, Kansas City Fed, Graphics, Trump, Reuters, Fed, Democratic, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Jackson Hole , Wyoming, China, United States

Washington-based analysts say Wang's return to the ministry should help China's foreign ministry resume normal operations after weeks of international speculation about Qin's fate. In the Chinese system, the top diplomat is not foreign minister but rather the director of the Chinese Communist Party's foreign affairs commission, a role Wang will continue to hold. Still, Wang's reappointment is a sign of problems in China's foreign policy establishment, said Blanchette. On Tuesday, content mentioning Qin was quickly removed from China's foreign ministry website after Wang's appointment. The tab on the website that typically holds the biography of the foreign minister simply read "Updating."

Persons: Wang Yi, Qin Gang, Xi Jinping's, Qin, Xi, Wang, Joseph Torigian, Vedant Patel, Blinken, Joe Biden, Rorry Daniels, Wang's, China's, Jude Blanchette, Craig Singleton, Michael Martina, David Brunnstrom, Don Durfee Organizations: Communist, American University, U.S . State Department, U.S, APEC, Asia Society Policy Institute, Communist Party, Washington's Center, Strategic, International Studies, Foundation for Defense of Democracies, Thomson Locations: Washington, United States, Beijing, U.S, China, China's, Xi's, India, California, Taiwan, scold Washington, Lincoln

☆ Australia picks first female central bank head to shepherd through reform
▼ + stars: | 2023-07-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Lowe will leave on Sept. 17, marking the end of his 43-year career at the bank. The decision comes as Lowe is due to accompany Chalmers to a Group of 20 meeting in India next week. "Michele Bullock will become the first woman to ever lead the Reserve Bank in this country." His two predecessors, again both career central bankers, were reappointed to second terms and each served 10 years in total. "The Reserve Bank is in very good hands as it deals with the current inflation challenge and implementing the recommendations of the Review of the RBA," Lowe said in a statement on Friday.

Persons: Michele Bullock, Governor Bullock, Philip Lowe, Jim Chalmers, Anthony Albanese, Lowe, Chalmers, Bullock, Tony Sycamore, She’s, Wayne Cole, Renju Jose, Praveen Menon Organizations: SYDNEY, Reserve Bank of Australia, Reserve Bank, Bank, London School of Economics, IG Group, Aussie, Thomson Locations: Australia, India, Sydney, Lincoln

☆ Australia govt appoints Michele Bullock as next central bank governor
▼ + stars: | 2023-07-14 | by ( Wayne Cole | ) www.reuters.com time to read: +2 min

SYDNEY, July 14 (Reuters) - Australian Treasurer Jim Chalmers on Friday said he would not reappoint the country's central bank chief to another term, instead replacing him with his deputy Michele Bullock. Chalmers and Prime Minister Anthony Albanese said Reserve Bank of Australia (RBA) Governor Philip Lowe would leave the bank after finishing his current seven-year term on Sept. 17, marking the end of his 43-year career. "Michele Bullock will become the first woman to ever lead the Reserve Bank in this country." The central bank has since lifted rates 12 times to a decade-high of 4.1%, adding hundreds of dollars to monthly mortgage repayments at a time when a cost of living crisis is already stretching household budgets. His two predecessors, again both career central bankers, were reappointed to second terms and each served 10 years in total.

Persons: Jim Chalmers, Michele Bullock, Chalmers, Anthony Albanese, Philip Lowe, Bullock, Lowe, Wayne Cole, Renju Jose, Leslie Adler, Jamie Freed Organizations: SYDNEY, Bank of Australia, Reserve Bank, Thomson Locations: Sydney, Lincoln

☆ Factbox: Potential candidates as next chief of Australia's central bank
▼ + stars: | 2023-07-05 | by ( Wayne Cole | ) www.reuters.com time to read: +2 min

SYDNEY, July 5 (Reuters) - The Australian government will announce this month whether it would reappoint Reserve Bank of Australia (RBA) Governor Philip Lowe or replace him. * Michele Bullock, 60, became the first female Deputy Governor of the RBA when she was appointed in the role in April 2022. She studied economics at the University of New England and a masters from the London School of Economics. He studied economics at Sydney University, and completed a PhD in health economics at the Australian National University. He has PhD degrees in physiology from Cambridge University and in economics from the Australian National University.

Persons: Philip Lowe, Michele Bullock, Bullock, RBA, Steven Kennedy, Kennedy, Kevin Rudd, Julia Gillard, Jenny Wilkinson, David Gruen, Wilkinson, Gruen, Martin Parkinson, Guy Debelle, Fortescue, Australia's, Debelle, Andrew, Carolyn Wilkins, Shri Navaratnam Organizations: SYDNEY, Australian, Reserve Bank of Australia, University of New, London School of Economics, Treasury, Labor, Sydney University, Australian National University, government's Department of Finance, Parliamentary, ANU, Princeton, Australian Bureau of Statistics, Cambridge University, Macquarie University, Department of Prime, Adelaide University, Fortescue Future Industries, University of Adelaide, MIT, Bank of Canada, Thomson Locations: University of New England

☆ Australia markets in the dark as clock ticks down on govt choice of RBA chief
▼ + stars: | 2023-07-05 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Markets are still in the dark whether Treasurer Jim Chalmers will reappoint Reserve Bank of Australia (RBA) Governor Philip Lowe or bow to public pressure for a new pair of hands at an institution that stumbled over its policy messaging during the pandemic. "Markets would be more concerned if there wasn't that list," noted Shane Oliver, chief economist at AMP Capital. They are among the front runners in part because there is much pressure for Chalmers to appoint the first female head of the RBA. One dark horse also being mentioned is Guy Debelle, a former RBA deputy governor who resigned last year to join the green energy business of mining billionaire Andrew Forrest. It is possible Chalmers could reappoint Lowe for a shorter period to see out the RBA's current tightening cycle and planned changes in its operation and structure.

Persons: missteps, Jim Chalmers, Philip Lowe, Chalmers, Lowe, Shane Oliver, Michele Bullock, Jenny Wilkinson, Guy Debelle, Andrew Forrest, reappoint Lowe, AMP's Oliver, Wayne Cole, Shri Navaratnam Organizations: SYDNEY, Reserve Bank of Australia, Chalmers, Markets, AMP, Thomson

☆ Qatar and UAE embassies resume work on Monday, Qatar's foreign ministry says
▼ + stars: | 2023-06-19 | by ( ) www.cnbc.com time to read: +1 min

Foreign Minister of Qatar Mohammed bin Abdulrahman bin Jassim Al-Thani during a joint press conference with Turkish Foreign Minister Mevlut Cavusoglu on July 14, 2017. Qatar and the United Arab Emirates' respective embassies reopened on Monday to resume work after the two Gulf states agreed to restore diplomatic ties, Qatar's foreign ministry said. The restoration of ties comes amid a broader regional push for reconciliation and more than two years after Arab states ended a boycott of Doha that had shattered the Western-allied Gulf Arab bloc. The Qatari ministry said in a statement that the two foreign ministers, Sheikh Mohammed bin Abdulrahman Al-Thani and Sheikh Abdullah bin Zayed, had held a phone call as the two embassies reopened on Monday. Reuters reported in April that the two Gulf states were in the process of restoring diplomatic relations.

Persons: Qatar Mohammed bin Abdulrahman bin Jassim, Mevlut Cavusoglu, Sheikh Mohammed bin Abdulrahman, Sheikh Abdullah bin Zayed Organizations: Turkish Foreign, United Arab Emirates, Reuters, Doha Locations: Qatar, Qatar Mohammed bin Abdulrahman bin Jassim Al, Thani, Doha, Arab, Sheikh Mohammed bin Abdulrahman Al, Abu Dhabi, Saudi Arabia, UAE, Bahrain, Egypt, Islam, Iran, Riyadh, Cairo, Saudi, Yemen

☆ Qatar and UAE embassies resume work on Monday -Qatar foreign ministry
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

DOHA, June 19 (Reuters) - Qatar and the United Arab Emirates' respective embassies reopened on Monday to resume work after the two Gulf states agreed to restore diplomatic ties, Qatar's foreign ministry said. The restoration of ties comes amid a broader regional push for reconciliation and more than two years after Arab states ended a boycott of Doha that had shattered the Western-allied Gulf Arab bloc. The Qatari ministry said in a statement that the two foreign ministers, Sheikh Mohammed bin Abdulrahman Al-Thani and Sheikh Abdullah bin Zayed, had held a phone call as the two embassies reopened on Monday. Reuters reported in April that the two Gulf states were in the process of restoring diplomatic relations. Reporting by Nayera Abdallah and Andrew Mills, writing by Aziz El Yaakoubi; Editing by David Goodman and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheikh Mohammed bin Abdulrahman, Sheikh Abdullah bin Zayed, Nayera Abdallah, Andrew Mills, Aziz El Yaakoubi, David Goodman, Gareth Jones Organizations: DOHA, United Arab Emirates, Reuters, Doha, Thomson Locations: Qatar, Doha, Arab, Sheikh Mohammed bin Abdulrahman Al, Thani, Abu Dhabi, Saudi Arabia, UAE, Bahrain, Egypt, Islam, Iran, Riyadh, Cairo, Saudi, Yemen

A series of upcoming challenges, from the ongoing war in Ukraine to a still-uncertain economy, could provide hurdles to Biden’s reelection. The Washington beltway event may be indicative of what’s to come for the Biden reelection campaign strategy. “Just like four years ago—I’m off to teach and Joe’s launched his (re-election) campaign! Obama held his first reelection campaign rally in May 2012, 13 months after announcing his bid for a second term. The wait for a Biden reelection rally could be just as long.

REUTERS/Karen Pulfer FochtApril 9 (Reuters) - Two Tennessee Democrats who were expelled from the Republican-dominated state House of Representatives last week over their participation in a gun control protest said on Sunday that they hoped to soon reclaim their seats. Metro Council Member Kevin Rhoten said on Twitter that he had been bombarded with emails since Thursday asking him to vote to appoint Justin Jones for the District 52 seat, and that he planned to do that. "I would be honored to accept the appointment of the Shelby County Commission and to run in a special election," Pearson told NBC on Sunday. Videos posted to Twitter showed the two Black lawmakers, Representatives Jones and Pearson, shouting through a bullhorn on the House floor, saying "No action, no peace!" Only two other Tennessee state representatives have been expelled by their colleagues since the Civil War era: one in 1980 for soliciting a bribe in exchange for blocking legislation and another in 2016 after being accused of sexual misconduct by numerous women.

☆ I bought a crumbling Victorian townhouse for $18,000 and transformed it into my dream home — see inside
▼ + stars: | 2023-03-16 | by ( Kiera Fields | ) www.businessinsider.com time to read: +10 min

Betsy Sweeny bought a 3,025-square-foot crumbling Victorian house when she was 27 for only $18,000. Sweeny's living room during renovations. Betsy SweenySweeny's renovated living room with replica curved glass windows. It wanted staged after photos, so within 12 weeks, I finished one bathroom, the living room, the dining room, the foyer, and the exterior. The primary bedroom, living room, dining room, and baths were completely finished — the kitchen was ugly.

☆ Disney could use an activist investor like Nelson Peltz to help get its financial house in order
▼ + stars: | 2023-01-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

An activist investor like Trian Partners' Nelson Peltz on Walt Disney 's (DIS) board could help prod the entertainment conglomerate to address its financial woes and implement much-needed changes to create long-term value for the company and its shareholders. "Lots of angry people ask me why I support Nelson Peltz for the Disney board, and I give a simple answer: What has this board done for its shareholders other than wipe out more shareholder money?" Nonetheless, Disney's board unanimously decided against offering Peltz a seat, according to an SEC filing the company submitted Tuesday. Peltz, whose next step in his fight is to convince voting Disney shareholders he deserves a board seat, has had success serving on several company boards. Wall Street has had a mixed reaction to Peltz's efforts to obtain a board seat.

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