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☆ Exxon says world set to fail 2°C global warming cap by 2050
▼ + stars: | 2023-08-28 | by ( Sabrina Valle | ) www.reuters.com time to read: +2 min

The largest U.S. oil producer projects the world will reach 25 billion metric tons of energy related carbon dioxide (CO2) emissions in 2050, according to its energy outlook published on Monday. That is more than twice of the 11 billion metric tons the United Nations Intergovernmental Panel on Climate Change (IPCC) say would be needed on average in its Lower 2°C scenarios. Only two of the 55 technologies needed to reach net-zero emissions by 2050 are “on track,” Exxon said citing the IEA. Overall, Exxon projects energy-related CO2 emissions will peak at more than 34 billion metric tons sometime this decade as economies and energy demand grow, and then decline to 25 billion metric tons in 2050. It expects wind and solar to provide 11% of the world’s energy supply in 2050, five times today’s contribution.

Persons: Pascal Rossignol, Exxon, Sabrina Valle, Josie Kao Organizations: IPC Petroleum France, REUTERS, Companies Exxon, HOUSTON, Exxon Mobil Corp, United Nations, Exxon, International Energy Agency, Thomson Locations: Soudron, Reims, France, U.S

☆ Jailed US citizen Paul Whelan seen in rare video at Russian penal colony
▼ + stars: | 2023-08-28 | by ( Humeyra Pamuk | Thomson Reuters | Humeyra Pamuk Is A Senior Foreign Policy Correspondent Based In Washington Dc. She Covers The U.S. State Department | ) www.reuters.com time to read: +2 min

Former U.S. Marine Paul Whelan, who was detained and accused of espionage, stands inside a defendants' cage during his verdict hearing in Moscow, Russia June 15, 2020. Arrested in 2018 in Russia, Whelan was convicted of spying charges in 2020 and sentenced to 16 years in a penal colony in Mordovia, a Russian region notorious since Soviet times for its penal colonies. "Today was the first time I've seen what he really looks like since June 2020," his brother David Whelan said in an email. He said the Russia Today had showed up in the prison in May to film Whelan and when he declined to participate, the prison staff retaliated against him. In the video, Whelan tells the questioner that he will not answer his questions.

Persons: U.S . Marine Paul Whelan, Maxim, Paul Whelan, Whelan, Biden, David Whelan, Trevor Reed, Konstantin Yaroshenko, Washington, Brittney, Viktor Bout, Antony Blinken, Evan Gershkovich, Humeyra Pamuk, Josie Kao Organizations: U.S . Marine, REUTERS, Rights, Kremlin, Russia, Wall Street, Thomson Locations: Moscow, Russia, United States, Mordovia, Russian, American, Ukraine, U.S, Yekaterinburg, Gershkovich

☆ Fritz, Tiafoe lead American charge into U.S. Open second round
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

The top-ranked Americans were hardly tested as ninth seed Fritz crushed compatriot Steve Johnson 6-2 6-1 6-2 in Louis Armstrong Stadium after Tiafoe, the 10th seed, beat American Learner Tien 6-2 7-5 6-1 inside Arthur Ashe Stadium. There have been 78 consecutive Grand Slams played since Andy Roddick won the 2003 U.S. Open, and hopes that an American man can snap that title drought at one of the sport's blue-riband events have fallen largely on the shoulders of Fritz and Tiafoe. I was calm and I thought I played a really good match," said Fritz. Tiafoe faced a tricky opening test in Tien, who at 17 was the youngest player in the main draw and earned a U.S. Open wild card after winning a second consecutive USTA Boys' 18s National Championship. "I have so many good memories from last year and all I am focused on is the U.S. Open," said Tiafoe.

Persons: Frances Tiafoe, Learner Tien, Shannon Stapleton, Taylor Fritz, Fritz, Steve Johnson, Louis Armstrong, Arthur Ashe, Andy Roddick, Tiafoe, Johnson's, Tien, Tommy Paul, Stefano Travaglia, Christopher Eubanks, South Korean Kwon, Frank Pingue, Josie Kao Organizations: Tennis, Learner, U.S, REUTERS, Tiafoe, USTA Boys, New York, U.S ., South, Thomson Locations: Flushing Meadows , New York, United States, American, U.S, South Korean, Toronto

☆ Big Tech braces for EU Digital Services Act regulations
▼ + stars: | 2023-08-24 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

LONDON, Aug 24 (Reuters) - More than a dozen of the world's biggest tech companies face unprecedented legal scrutiny, as the European Union's sweeping Digital Services Act (DSA) imposes new rules on content moderation, user privacy and transparency this month. The EU is seen as the global leader in tech regulation, with more wide-ranging pieces of legislation – such as the Digital Markets Act and the AI Act – on the way. For now, the rules only apply to 19 of the largest online platforms, those with more than 45 million users in the EU. Researchers removed the ads before they were published, so no Facebook users saw them. It will soon become obvious if any of the designated companies had "skirted their legal responsibilities," said Hayes.

Persons: –, Kingsley Hayes, Keller Postman, Eko, Meta, TikTok, Zalando, Hayes, Martin Coulter, Josie Kao Organizations: Digital Services, Facebook, Google, Digital Markets, DSA, Reuters, European Commission, Twitter, YouTube, Global, Amazon, Thomson Locations: EU, Europe, Ireland, Luxembourg

☆ Colombia banks call for measures to help liquidity squeeze
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

BOGOTA, Aug 23 (Reuters) - Colombia's banks have called on the country's central bank to tackle liquidity issues amid lower-than-expected government spending and compliance with international regulatory framework Basel III, which strengthens bank risk management. Analysts attribute the financial system's decrease in liquidity to the government's slower budgetary spending and higher tax collection. The funds are stored in the central bank and have not flowed into the economy. Furthermore, banks are required to retain a certain level of reserves under Basel III, adding to the liquidity strain, Asobancaria said. The liquidity needs of banks have seen commercial interest rates rise above the central bank's benchmark rate of 13.25%.

Persons: Asobancaria, Nelson Bocanegra, Oliver Griffin, Josie Kao Organizations: Basel III, Thomson Locations: BOGOTA, Basel, Colombian

In climate negotiations, "loss and damage" refers to existing costs incurred from climate-fueled weather impacts, such last year's devastating Pakistan flooding. The U.S. is part of a 24-country committee deciding how the fund will work before the COP28 climate summit in Dubai can officially adopt it this year. Both voted to approve new funding arrangements under the condition that the fund not be about liability for rich countries and compensation. Instead, both Washington and Brussels say the fund should be filled from myriad sources including industry taxes, philanthropic donations or other schemes. The world’s least developed nations want the fund to be limited to the neediest nations.

Persons: Akhtar Soomro, that's, ”, Sue Biniaz, Biniaz, Christina Chan, “, “ That’s, Avinash Persaud, Mia Mottley, Persaud, Dileimy Orzoco, Valerie Volcovici, Katy Daigle, Josie Kao Organizations: REUTERS, Rights, . State Department, Reuters, The, State Department, EU, Nonprofit, Thomson Locations: Sehwan, Pakistan, U.S, Washington, The U.S, Dubai, Dominican Republic, Paris, Brussels, China, Barbados, Philippines

Russian authorities said Prigozhin was listed as a passenger on a private jet that crashed on Wednesday evening, killing all those onboard. Russia's TASS news agency said the plane was a Brazilian Embraer jet. Embraer (EMBR3.SA) on Wednesday said it was aware of a Legacy 600 plane crash in Russia, but that did not have further information about the case. Flightradar24 online tracker showed that the Embraer Legacy 600 (plane number RA-02795) said to be carrying Prigozhin had dropped off the radar at 6:11 p.m. local time (1511 GMT). The Legacy 600 entered service in 2002, according to International Aviation HQ, with almost 300 produced until production ceased in 2020.

Persons: Denis Balibouse, Wagner, Yevgeny Prigozhin, Prigozhin, Allison Lampert, Gabriel Stargardter, Rosalba O'Brien, Josie Kao Organizations: Embraer, European Business Aviation Convention, REUTERS, International Aviation, Russia's TASS, Brazilian Embraer, EMBR3, Thomson Locations: Geneva, Switzerland, Russia, Brazilian, Brazil, United States

Office workers look at their mobile phones to check the local online banking app Toss as they gather at Seoul Museum of Art during a lunch break in Seoul, South Korea, April 13, 2023. Interest rate decisions and policy guidance from South Korea and Indonesia take center stage in Asia on Thursday, as investors also navigate the strong cross currents from global equity and bond markets the day before. On the Asian policy front, the Bank of Korea is expected to leave its key policy rate unchanged at 3.50% for a fifth consecutive meeting on Thursday and hold it steady for the rest of this year. Bank Indonesia is also expected to keep its key interest rate steady, at 5.75% for the seventh consecutive meeting and for the rest of the year too. Here are key developments that could provide more direction to markets on Thursday:- South Korea interest rate decision- Indonesia interest rate decision- South Korea producer price inflation (July)By Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Hong, Jamie McGeever, Josie Kao Organizations: Seoul Museum of Art, REUTERS, Wall, Nvidia, Shanghai CSI, Bank of England, European Central Bank, Bank of, Bank Indonesia, Thomson, Reuters Locations: Seoul, South Korea, Indonesia, Asia, Europe, China, Shanghai, Japan, Bank of Korea, Korea

REUTERS/Issei Kato Acquire Licensing RightsAug 23 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. After Monday's surprising resilience on Wall Street, world markets' reversion to type on Tuesday should set the tone for Asia on Wednesday - weakness in stocks, a buoyant dollar, elevated bond yields and souring investor sentiment. China's economic and financial travails remain top of mind for investors, so any sign of further incoming fiscal or monetary stimulus from Beijing will be well received. That is not something Beijing or Tokyo would do lightly, but the higher U.S. bond yields go, the more persistent the selling pressure on their respective currencies becomes. Implied yen volatility is relatively low in the yuan, and low across currency markets more broadly.

Persons: Issei Kato, Jamie McGeever, Xi Jinping, Gina Raimondo, Josie Kao Organizations: U.S ., REUTERS, Asia, Treasury, China's, Thomson, Reuters Locations: Tokyo, Japan, Singapore, Beijing, South Africa, U.S, Washington, China, Johannesburg, Australia

☆ Wildfire-hit British Columbia blanketed with hazardous smoke pollution
▼ + stars: | 2023-08-21 | by ( Nia Williams | ) www.reuters.com time to read: +3 min

[1/4] A boat passes under the Lions Gate bridge to enter Vancouver Harbour, shrouded in a haze of wildfire smoke, as seen from Cypress Mountain in North Vancouver, British Columbia, Canada, August 21, 2023. REUTERS/Chris Helgren Acquire Licensing RightsREVELSTOKE, British Columbia, Aug 21 (Reuters) - Millions of people in the western Canadian province of British Columbia were under air quality warnings on Monday as hundreds of wildfires filled the skies with smoke and turned the sun orange. In the cities of Kelowna and Kamloops, the air quality index (AQI) was above 350, a "hazardous" level, real-time air quality information platform IQAir showed. Wildfire smoke is a seasonal occurrence for much of heavily-forested British Columbia, but the number of wildfires and amount of land burned is trending higher as a result of climate change, increasing concerns about the impact on human health. "This type of extreme smoke event covering all of our province does not happen every year," said Jalena Bennett, smoke information specialist with BlueSky Canada, adding 2018 was the last time wildfire smoke was so widespread.

Persons: Chris Helgren, Jalena Bennett, Ash, Marie, Eve Hervieux, Bobby Sekhon, Nia Williams, Denny Thomas, Josie Kao Organizations: REUTERS, Rights, British Columbia, BlueSky, Environment, Thomson Locations: Lions, Vancouver, Cypress Mountain, North Vancouver, British Columbia, Canada, Rights REVELSTOKE, Canadian, British, Kelowna, Kamloops, Lahore, Pakistan, BlueSky Canada, Shuswap Lake, Environment Canada, Metro Vancouver, Revelstoke

Staff lower Chinese national flag in front of screens showing the index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsAug 22 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Some analysts reckon Tokyo could intervene selling dollars around 150 yen, only four big figures away from the current 146 yen. The 10-year yield rose to 4.35% on Monday, its highest since late 2007, and the real 10-year yield topped 2% for the first time since July 2009. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Tyrone Siu, Jamie McGeever, Ditto, Jackson, Josie Kao Organizations: REUTERS, Foreigners, Stock Connect, Treasury, Tech, Nasdaq, Thomson, Reuters Locations: Exchange, Hong Kong, China, Asia, Japan, State, Beijing, U.S, Johannesburg, South Korea, Indonesia

☆ Majority of small businesses believe US is in recession
▼ + stars: | 2023-08-21 | by ( Safiyah Riddle | ) www.reuters.com time to read: +2 min

Aug 21 (Reuters) - More than half of U.S. small business owners believe the economy is already in a recession, marking a slight decrease between July and April, despite most firms reporting their own financial condition was strong, a survey released on Monday showed. On the economy, 52% of small business owners said they believe the economy is already in a recession, down from 55% in April, the survey found. Recent indicators have shown strong retail sales and rising spending on services, the two largest small business industries. Moreover, businesses see their own financial condition as strong and their local economies relatively healthy. There was heightened concern among small businesses at the outset of the collapse since 80% of all small businesses use a small, mid-sized or regional bank for financial needs.

Persons: Safiyah Riddle, Josie Kao Organizations: National Federation of Independent Business, Silicon Valley Bank, U.S, Federal Reserve, Thomson Locations: U.S, Silicon

☆ Canada considering foreign student visa cap to address housing shortage
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Aug 21 (Reuters) - The Canadian government, under pressure over the rising cost of housing, could consider capping foreign student visas, which have rocketed in recent years, new Housing Minister Sean Fraser said on Monday. Official data show there were more than 800,000 foreign students with active visas in 2022, up from 275,000 in 2012. Canada is a popular destination for international students since it is relatively easy to obtain a work permit. Fraser, who was immigration minister before taking up his job last month, said the sharp rise in the number of students was putting pronounced pressure on some housing markets. Asked whether a cap could be imposed on the number of foreign students, he said, "I think that is one of the options that we ought to consider."

Persons: Sean Fraser, Fraser, We've, Prince Edward Island, Justin Trudeau, David Ljunggren, Josie Kao Organizations: OTTAWA, Canadian, Conservative Party, Liberal, Thomson Locations: Canada, Atlantic, Prince

But that can take time, analysts say, since airlines must manually override automated systems that raise fares in the case of higher demand. Here is a look at how airlines deal with a sudden surge in demand on a particular route. DISASTERS VERSUS HIGH DEMANDAirlines set a range of ticket prices based on factors like purchase timing and demand. They then allocate seats to each fare, explained Chris Amenechi, founder of startup SeatCash, which offers subscribers a product that predicts future flight prices. Travel site Expedia Group (EXPE.O) said air partners set flight prices and availability on its site.

Persons: Chris Helgren, Chris Amenechi, ”, Amenechi, Robert Mann, Mann, Allison Lampert, Doyinsola, Denny Thomas, Josie Kao Organizations: REUTERS, Air Canada, HIGH, CAP, Air, Expedia, Airlines, WestJet Airlines, U.S, Amtrak, Thomson Locations: Okanagan, West Kelowna, British Columbia, Canada, Yellowknife, Air Canada, Calgary, Maui, Honolulu, U.S, Washington, New York

☆ US bank credit contracts, loans drop in latest week: Fed data
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsAug 18 (Reuters) - Bank credit at U.S. commercial banks shrank in the latest week as commercial banks pulled back on lending to businesses, data published by the Federal Reserve showed on Friday. Overall bank credit fell to $17.23 trillion in the week ending Aug. 9, down from $17.25 trillion a week earlier and $17.32 trillion a year earlier, its second straight year-over-year drop. Loans and leases fell to $12.13 trillion, from $12.15 trillion the week prior; commercial and industrial loans slipped to $2.74 trillion, from $2.75 trillion in the week ending Aug. 2. From a year earlier, commercial and industrial (C&I) loan growth slowed sharply to less than 1%. Reuters GraphicsThe trends reflect reduced demand from borrowers amid the Fed's rapid interest-rate hikes, as well as tightening credit standards and the fallout from the U.S. regional bank failures this year.

Persons: Andrew Kelly, Ann Saphir, Jonathan Oatis, Josie Kao Organizations: REUTERS, Bank, Federal, Reuters, U.S, Thomson Locations: Manhattan , New York City, U.S

Homes damaged by fire are seen in Lahaina on the island of Maui in Hawaii, U.S., August 14, 2023. The company said in its filing that shutting off power was not part of its high-wind management protocol. Analysts have said Hawaiian's situation is reminiscent of that of PG&E Corp (PCG.N) and wildfires in California. PG&E filed for bankruptcy protection in 2019, and subsequently restructured, citing potential liabilities exceeding $30 billion stemming from California wildfires that were blamed on its equipment. As of Thursday, about 1,900 customers in West Maui remained without electricity, Hawaiian said.

Persons: Jorge Garcia, Wells, Jonathan Reeder, Arshreet Singh, Arunima Kumar, Shreyashi Sanyal, Caroline Valetkevitch, Arun Koyyur, Josie Kao Organizations: REUTERS, Hawaiian Electric Industries, Electric, Moody's, E Corp, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Honolulu, American, California, West Maui, Bengaluru, New York

Companies Meta Platforms Inc FollowOTTAWA, Aug 18 (Reuters) - The Canadian government on Friday demanded that Meta (META.O) lift a "reckless" ban on domestic news from its platforms to allow people to share information about wildfires in the west of the country. Meta started blocking news on its Facebook and Instagram platforms for all users in Canada this month in response to a new law requiring internet giants to pay for news articles. Transport Minister Pablo Rodriguez earlier said the ban meant people did not have access to crucial information. Canadians can use Facebook and Instagram to access content from official government agencies, emergency services and non-governmental organizations, the spokesperson added. Meta says users do not come to its platform for news and forcing the company to pay for content shared on its platforms is unsustainable for its business.

Persons: Meta, Pascale St, Onge, Pablo Rodriguez, Chris Bittle, Ollie Williams, David Ljunggren, Josie Kao Organizations: OTTAWA, Canadian, Meta, Facebook, Transport, Liberal Party, Canadian Broadcasting Corp, Thomson Locations: Canada, Yellowknife

REUTERS/Kim Kyung-Hoon/file photo Acquire Licensing RightsAug 18 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. At the very least, investors are nervous and scrambling to adjust to the higher yield environment. But given the tightening of financial conditions around the world, investors remain wary. The 10-year U.S. Treasury yield is above 4.30%, a whisker from highs not recorded since 2007 and the 10-year real yield at almost 2.0% is already at levels last seen in 2009. This is taking its toll - financial conditions across emerging markets are the tightest since early December, according to Goldman Sachs's EM financial conditions index, and risk assets are getting pounded.

Persons: Kim Kyung, Jamie McGeever, Bonds, Japan's, Goldman Sachs's, Josie Kao Organizations: REUTERS, U.S, Treasury, Bank of, People's Bank of China, Thomson, Reuters Locations: Ameyoko, Tokyo, Japan, Bank of Japan, China, Asia, Malaysia

☆ Canada wildfires: what are the causes and when will it end?
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +6 min

Here are some questions and answers about Canada's wildfires, which have charred millions of hectares and polluted the air in that nation and the U.S.WHAT PARTS OF CANADA HAVE WILDFIRES HIT? Wildfires are common in Canada's western provinces, but this year the eastern provinces of Nova Scotia, Quebec and parts of Ontario have also reeled from out-of-control wildfires. This week, the focus returned to the west, as wildfires burned about 16 km (10 miles) northwest of Yellowknife, the capital of the vast, sparsely populated Northwest Territories. As of Wednesday, there were 1,054 active wildfires in Canada, including 230 in the Northwest Territories and 669 deemed out of control, according to the Canadian Interagency Forest Fire Center. Widespread spring fires across the whole of Canada are also unusual, and research shows fire seasons across North America are getting longer.

Persons: Pat Kane, Mike Westwick, De Beers, Lytton, Fort Smith, Justin Trudeau, Ellen Whitman, David Ljunggren, Divya Rajagopal, Ismail Shakil, Rod Nickel, Jonathan Oatis, Josie Kao Organizations: REUTERS, Canadian Broadcasting Corporation, Canadian Interagency Forest Fire, Reuters Graphics, Northwest, Enterprise, Northwest Territories, Diamond, Atlantic Canada, Canadian, Canadian Forest Service, Thomson Locations: Yellowknife, Northwest Territories, Canada, U.S, Nova Scotia, Quebec, Ontario, Territories, British Columbia, Alberta, YELLOWKNIFE, Northwest, Hay, Fort McMurray, United States, Fort, Winnipeg, Ottawa, Toronto, East Coast, New York, Washington, Chicago, North America

☆ Column: India's coal emissions set for new highs on low-grade imports
▼ + stars: | 2023-08-17 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

Roughly 80% of India's thermal coal imports over the first half of 2023 came from Indonesia, South Africa and Russia, known for primarily exporting low-quality thermal coal which emits CO2 and sulphur dioxide when burned in power stations. India thermal coal imports from key supplierAround 7% of India's thermal imports came from Australia, supplier of some of the cleanest-burning coal on world markets. IMPORT SWINGSIndonesia has long been India's dominant supplier of energy coal, providing an average of 60% of the country's total thermal coal imports from 2017 through 2020, data from Kpler shows. That resulted in a rebound in India's total coal imports over the opening half of 2023 from the latter months of 2022. However, cost-sensitive power producers in India have prioritised ensuring coal supply over lowering coal-fired emissions, resulting in a deterioration in India's coal-fired power sector efficiency and a continuing climb in emissions.

Persons: Amit Dave, Ember, Gavin Maguire, Josie Kao Organizations: REUTERS, Reuters, Thomson Locations: Indian, Ahmedabad, LITTLETON , Colorado, Indonesia, South Africa, Russia, India, Australia, China, Ukraine, New Delhi, Tamil Nadu, Chhattisgarh, South Asia

☆ How climate change drives heatwaves and wildfires in Europe
▼ + stars: | 2023-08-17 | by ( Kate Abnett | ) www.reuters.com time to read: +5 min

Here's how climate change drives these events. FINGERPRINTS OF CLIMATE CHANGETo find out exactly how much climate change affected a specific heatwave, scientists conduct "attribution studies". CLIMATE CHANGE DRIVES WILDFIRESClimate change increases hot and dry conditions that help fires spread faster, burn longer and rage more intensely. The study found that human-induced climate change played an absolutely overwhelming role in the extreme heatwaves that swept across North America, Europe and China in July. But scientists concur that without steep cuts to the greenhouse gases causing climate change, heatwaves, wildfires, flooding and drought will significantly worsen.

Persons: Alexandros Avramidis, Friederike Otto, Sonia Seneviratne, Seneviratne, Rhodes, Copernicus, Mark Parrington, Victor Resco de, Kate Abnett, Gloria Dickie, Katy Daigle, Barbara Lewis, Josie Kao, Jonathan Oatis Organizations: Firefighters, REUTERS, Rights, United Nations, Imperial College London, ETH Zurich, Union, Spain's Lleida University, Thomson Locations: Sesklo, Greece, Europe, Spain, France, Netherlands, Paris, North America, China, Victor Resco de Dios

[1/2] A woman stands next to stacked school furniture, as she and others shelter at a school after fleeing their neighbourhood Carrefour Feuilles when gangs took over, in Port-au-Prince, Haiti August 16, 2023. "In a matter of days, violence escalated dramatically in Port-au-Prince, particularly affecting neighborhoods where the IRC collaborates with local organizations to provide vital services," the aid group said on Thursday. The IRC launched its Haiti response plan last December and works with a number of local groups around the capital, where much of the violence has taken place. Ann Lee, co-founder of U.S.-based crisis response group CORE, which is still operating in Haiti, said many aid groups had left as costs rise, financial aid dwindles and staff operates under increasingly life-threatening conditions. Lee said there was not a single member of CORE's 100-person Haiti team who did not know a victim of the violence.

Persons: Ralph Tedy Erol, Ann Lee, dwindles, Lee, Haiti's, Ariel Henry's, Sarah Morland, Josie Kao Organizations: Carrefour, REUTERS, International Rescue, IRC, U.S, CORE, Haiti, United Nations, Feuilles, Carrefour Feuilles, . Security, Kenyan, Thomson Locations: Carrefour Feuilles, Port, Prince, Haiti, Caribbean, Haiti's, Kenya

Smoke hangs in the air on the outskirts of Yellowknife after a state of emergency was declared due to the proximity of a wildfire in Yellowknife, Northwest Territories, Canada August 16, 2023. "We have put in place a cap on our fares for non-stop flights out of Yellowknife," said Air Canada, the country's largest carrier, in a statement. Air Canada said it has cancelled flights out of Yellowknife on Saturday to comply with the evacuation order given by the Northwest Territories government. This is how Air Canada plans on helping?" Canada's Transport Minister Pablo Rodriguez will be speaking with Air Canada today to receive an update on the situation on the ground, a spokesperson said.

Persons: Smoke, Pat Kane, WestJet, Pablo Rodriguez, Allison Lampert, Ismail Shakhil, Josie Kao Organizations: REUTERS, Air Canada, WestJet Airlines, Canada's, . Air, Northwest Territories, Air, Facebook, Thomson Locations: Yellowknife, Northwest Territories, Canada, Canadian, Calgary, . Air Canada, Air Canada, Montreal, Ottawa

A view of logo of New Development Bank (NDB) at its headquarters in Shanghai, China July 10, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsJOHANNESBURG, Aug 15 (Reuters) - The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure to boost its local currency fundraising and lending. The South African bond market has struggled in recent years to attract new issuers to match growing demand from domestic investors looking for quality credit assets. The most recent comparable South African government bonds were a 4.5-year bond priced at Jibar +90 bps and a seven year priced at Jibar +120 bps, said Raphi Rootshtain, a portfolio manager at Sasfin Wealth. The bond sale was arranged by Standard Bank, which declined to comment, and Absa Bank.

Persons: Aly, Leslie Maasdorp, Raphi Rootshtain, Rootshtain, Kumeshen Naidoo, Rachel Savage, Josie Kao Organizations: New Development Bank, REUTERS, Rights, Reuters, Sasfin, State Owned Companies, Standard Bank, Absa Bank, Thomson Locations: Shanghai, China, Rights JOHANNESBURG, Brazil, Russia, India, South Africa, Johannesburg, Absa

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsAug 17 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market sentiment on Thursday will again be a mix of caution and nervousness, with familiar roots: a supercharged dollar and rising U.S. bond yields, tightening financial conditions, and deepening concern over China. Goldman Sachs's financial conditions indexes show that Chinese and aggregate emerging market financial conditions have tightened sharply this month, by more than 100 basis points, and are both now the tightest this year. But the pressure on Beijing to do more to support the creaking economy can be seen in the 10-year yield's slide to its lowest since May 2020. Remarkably, China's 10-year yield is now 170 basis points below the 10-year U.S. Treasury yield, the widest gap since 2007.

Persons: Dado Ruvic, Jamie McGeever, Goldman, Brent, Josie Kao Organizations: REUTERS, People's Bank of, Treasury, Thomson, Reuters Locations: China, U.S, Asia, Hong Kong, Philippines, Tokyo, People's Bank of China, Beijing, Japan, Australia

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