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"Once this bill reaches the Senate, I will move to bring it to the floor as soon as possible," Majority Leader Chuck Schumer said on Wednesday. His counterpart, Senate Republican Leader Mitch McConnell, also signaled that he would work for fast passage, saying, "I'll be proud to support it without delay." The chamber's rules require 60 votes to advance most legislation, meaning at least nine Republican votes are needed to pass most bills, including the debt ceiling deal. On Wednesday he vowed to vote against the bill, but did not reiterate his threat to try to delay it. Chastising House Republican negotiators for agreeing to what he sees as a weak compromise with Democrats, Lee lamented, "With Republicans like these, who needs Democrats?"

Persons: Chuck Schumer, Jonathan Ernst WASHINGTON, Joe Biden, Biden, Kevin McCarthy, McCarthy, Mitch McConnell, Schumer, McConnell, John Thune, Rand Paul, Mike Lee, Lee, surrogates, Richard Cowan, David Morgan, Scott Malone, Lincoln Organizations: U.S, Democratic, Capitol, REUTERS, Senate, Republican, Republicans, Treasury Department, CBS News, Biden, Social, Wall, Thomson Locations: Washington , U.S, United States

WASHINGTON, May 31 (Reuters) - A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. The measure, a compromise between Biden and House Speaker Kevin McCarthy, drew opposition from 71 hardline Republicans. Progressive Democrats - who along with Biden had resisted negotiating over the debt ceiling - oppose the bill for a few reasons, including new work requirements from some federal anti-poverty programs. Senator Bernie Sanders, a progressive independent who caucuses with the Democrats, said he would oppose the bill due to inclusion of an energy pipeline and extra work requirements. The debt-ceiling standoff prompted ratings agencies to warn that they might downgrade U.S. debt, which underpins the global financial system.

Persons: Joe Biden's, Biden, Kevin McCarthy, Chip Roy, Jim McGovern, Chuck Schumer, Mitch McConnell, Schumer, Rand Paul, Bernie Sanders, Sanders, White, DBRS Morningstar, Fitch, David Morgan, Richard Cowan, Moira Warburton, Gram Slattery, Julio, Cesar Chavez, Kanishka Singh, Scott Malone, Rosalba O'Brien, Alistair Bell, Diane Craft Organizations: House, Republicans, Republican, Senate, Caucus, Progressive Democrats, Democratic, Office, NEXT, Twitter, Internal Revenue Service, P Global, Thomson Locations: United States

☆ Schumer seeks to fast-track debt ceiling bill through Senate
▼ + stars: | 2023-06-01 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

US Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference following Senate Democrat policy luncheons at the US Capitol in Washington, DC, on May 31, 2023. "The Senate will stay in session until we send a bill avoiding default to President Biden's desk, we will keep working until the job is done," Schumer, D-N.Y., said on the Senate floor at the opening of Thursday's session. WASHINGTON — Senate Majority Leader Chuck Schumer will attempt to fast-track a bill through the Senate on Thursday to raise the debt limit for two years and cap government spending, as the U.S. barrels toward a June 5 deadline to avert a debt default. In exchange for giving their amendments a separate vote, McConnell hopes holdouts will agree to proceed with a full Senate vote on the debt ceiling bill before the weekend. Passing the debt limit compromise bill and sending it to President Joe Biden for his signature would "soothe the country and soothe the markets," McConnell said.

Persons: Chuck Schumer, luncheons, Biden's, Schumer, Utah Republican Mike Lee, Kentucky Republican Rand Paul, Tim Kaine, Kaine, Lee, Janet Yellen, Mitch McConnell, McConnell, holdouts, Paul, Joe Biden, Kevin McCarthy, Biden Organizations: Republican, Democratic, Utah Republican, Kentucky Republican, Management, Budget, Capitol, Schumer, Republicans Locations: Washington ,, WASHINGTON, U.S, Utah, Kentucky, Virginia, West Virginia, United States

The debt deal clears the HouseThe debt-ceiling deal is a step closer to becoming law after its breezy passage in the House last night, making the prospect of a U.S. default all the more remote. Investors expressed relief, sending global markets and U.S. stock futures higher this morning. The bill now heads to a final vote in the Democratic-controlled Senate. The House vote was always seen as riskier, but the bill’s passage in the upper house is by no means a fait accompli. And some fiscal hawks in his party see the deal as a betrayal.

Persons: Rand Paul, Bernie Sanders, Biden’s, Mitch McConnell, Kevin McCarthy, McCarthy, Jim Jordan of Organizations: Democratic, Republican, The Times, Republicans Locations: U.S, Kentucky, Vermont, Jim Jordan of Ohio

WASHINGTON, May 31 (Reuters) - A bill to suspend the U.S. government's $31.4 trillion debt ceiling and avert a disastrous default cleared a key procedural hurdle in the House of Representatives on Wednesday, setting the stage for an vote on the bipartisan debt deal itself. The procedural vote, which allows for the start of debate and then a vote on the bill itself, passed by a vote of 241-187, with 52 Democrats needed to overcome the opposition of 29 Republicans. [1/6] U.S. House Speaker Kevin McCarthy (R-CA) returns to his office from the House floor at the U.S. Capitol ahead of an expected vote in the U.S. House of Representatives on a bill raising the federal government's $31.4 trillion debt ceiling, in Washington, U.S., May 31, 2023. "I cannot, in good conscience, vote for the debt ceiling deal," Sanders said on Twitter. White House Budget Director Shalanda Young, who was one of Biden's lead negotiators, urged Congress to pass the bill.

Persons: Kevin McCarthy's, Joe Biden's, McCarthy, Biden, Chuck Schumer, Mitch McConnell, Schumer, Chip Roy, Roy, Kevin McCarthy, Julia Nikhinson, Rand Paul, Bernie Sanders, Sanders, Shalanda Young, Biden's, Young, White, David Morgan, Richard Cowan, Moira Warburton, Julio, Cesar Chavez, Kanishka Singh, Scott Malone, Rosalba O'Brien, Alistair Bell Organizations: Kevin McCarthy's Republicans, Senate, Treasury, Republican, Office, ., U.S, Capitol, U.S . House, REUTERS, Twitter, White, Republicans, Internal Revenue Service, Democratic, Thomson Locations: U.S, Washington , U.S, Washington

☆ South Africa's Standard Bank says it exceeds 2022 green financing target
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, May 30 (Reuters) - South Africa's Standard Bank Group (SBKJ.J) funded renewable energy projects worth 55 billion rand ($2.79 billion) in 2022, exceeding its green financing target and putting it ahead of the world's top lenders, it said on Tuesday. Africa's biggest lender by assets earmarked 40 billion rand for sustainable projects last year, Kenny Fihla, its chief executive for Corporate and Investment Banking, said in slides prepared for journalists. However, in October he pegged that target at 50 billion rand. Standard Bank has been regularly criticised by environmental advocates and activist investors for funding climate-polluting hydrocarbon assets on the continent. "Our financing of renewable energy is 439% greater than our financing of non-renewable energy," Filha said, adding this achievement was significant when compared with the world's largest financiers.

Persons: Kenny Fihla, TotalEnergies, Filha, Anait Miridzhanian, Promit Mukherjee, Emelia Organizations: Standard Bank, Corporate, Investment Banking, Bank, Oil Pipeline, Absa, Thomson Locations: JOHANNESBURG, Mozambique, South Africa

☆ South African rand hits new low amid dollar strength, poor outlook
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, May 30 (Reuters) - The South African rand hit a record low on Tuesday on the back of a strengthening dollar and souring local investor sentiment that has seen massive capital outflows from the country. At 1518 GMT, the rand traded at 19.690 against the dollar , about 0.09% weaker than its previous close. Greg Davies, head of wealth at asset manager Cratos Capital, said South Africa was now a less desirable investment destination for international investors due to the local power crisis. "We've had poor results coming from Tiger Brands and Pepkor; two companies closely followed by foreigners," said Casparus Treurnicht, analyst and portfolio manager at Gryphon Asset Management. Tiger Brands shares crashed by more than 16%, while major retailer Pepkor (PPHJ.J) lost over a tenth of its market value.

Persons: Warren Venketas, Greg Davies, We've, Casparus Treurnicht, Alexander Winning, Tannur Anders, Rachel Savage, Sonia Cheema, Alison Williams Organizations: greenback, Cratos, Johannesburg Stock Exchange, Tiger Brands, Gryphon Asset Management, Thomson Locations: JOHANNESBURG, South Africa, Johannesburg

☆ Tim Scott's campaign kicks off with more cash than his rivals
▼ + stars: | 2023-05-22 | by ( Bridget Bowman | Bridget Bowman Is A Deputy Editor For Nbc'S Political Unit. | ) www.nbcnews.com time to read: +1 min

Sen. Tim Scott, R-S.C., may not have the highest poll numbers, but he kicks off his presidential campaign flush with another precious campaign resource: money. Scott is likely entering the 2024 race with more cash than his GOP rivals. The senator's federal campaign committee had $21.9 million in its account as of March 31, according to campaign finance reports filed with the Federal Election. Former President Donald Trump's campaign had $13.9 million in its account, while biotech entrepreneur Vivek Ramaswamy, who has largely self-funded his campaign, had $9.4 million on hand. Those senators had between $2.2 million (Graham) and $4.1 million (Rubio) in their presidential or Senate campaign accounts before launching their runs for the White House.

☆ F-16s for Ukraine: Kyiv would face big hurdles in using US-made jets
▼ + stars: | 2023-05-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

CNN —Ukraine’s quest for US-made F-16 fighter jets received a big boost over the weekend when US President Joe Biden gave his backing for Kyiv’s pilots to be trained to fly them. In fact, one active duty F-16 pilot told CNN that expectations may be way too high. An F-16 Fighting Falcon fighter aircraft has its landing gear extended to land at the US military airfield at Spangdahlem, Germany. This is a multi-year process, and that’s just for the basic tactical unit of employment,” the F-16 pilot said. “To bring in Western aircraft, Ukraine might need to repave and potentially extend a number of runways, a process which Russia would likely detect.

☆ Her son said his stepdad was sexually abusive. A judge gave the stepdad custody anyway. Then she found the photographs.
▼ + stars: | 2023-05-18 | by ( Olivia Gentile | ) www.businessinsider.com time to read: +58 min

Robert confronted Winenger with the allegations that November, and within weeks Winenger denied the claims in family court. In a family court hearing in Vista, California, on October 28, 2021, Commissioner Patti Ratekin chastised Jill Montes for allegedly alienating her kids from her ex-husband. From a list provided by the Delaware Family Court, Kelly chose a psychologist, William Northey. Their father cited the report in asking a Delaware family court judge to order the boys to change schools. Family Court of the State of Delaware, New Castle CountyCiting the email and a subsequent report, Michael pressed Ostroski to order the transfer.

Persons: he'd, Robert, stepdad, Thomas Winenger, Winenger, Robert's, Jill Montes, Montes, Patti Ratekin, she'd, Ratekin, Richard Gardner, Gardner, Lynn Steinberg, she's, Maya, shrieks, Joan Meier, They'd, —, Meier, Tom Brenner, Paige, Maggie Shannon, Claire, Eden, Weeks, Hester Prynne, Mitra Sarkhosh, Sarkhosh, San Diego Robert, Tom Winenger, Tamatha Clemens, Miguel Alvarez, Alvarez, overreact, Alvarez didn't, Bridges, Janell Ostroski, Linda Gottlieb, Ostroski, Michael D, Ashton, Alfield Reeves, Michael, Kelly D, Kelly, who've, Randy Rand, Chris, Rand, he's, Rand isn't, Jane Shatz of, Joann Murphey, Murphey, Steinberg, Ally Toyos, Kit R, Toyos, Emily, Richard Warshak, Elizabeth Loftus, Harvey Weinstein's, Loftus, Hannah Rodriguez, Linda Gottlieb's, Gottlieb, Rodriguez, Yvonne Parnell, Brian Ludmer, Ludmer, Parnell, aren't, Daniel Barrozo, Mom, Jean Mercer, Mercer, who'd, Michael Saini, Saini, Hannah Yoon, — Ashton, Judge Ostroski, William Northey, Northey, O, Addie Asay, mistreating Ashton, Rachel Brandenburg, Brandenburg, I've, Michael's, Gardner's, Gardner dosed, Dr, Paul Fink, Fink, Warshak, William Bernet, Patrick Clancy, doesn't, She'd, Brian Fitzpatrick, Sen, Susan Rubio, Meier's, Rebecca Connolly, didn't, Connolly, Heidi Simonson, Rubio, Theresa Manzella Organizations: Investigations, San, Business, Child Welfare, of, American Psychiatric Association, World Health Organization, American Professional Society, George Washington University, Violence Law, George Washington University Law School, Columbia University, PAS, Sarkhosh, San Diego County Sheriff's Department, California Health, Welfare Agency, Psychology, Bridges, Texas, Roane, Stockton University, University of Toronto, Families, Delaware Family Court, Family, Delaware Family, Association of Family, Conciliation, Newsday, University of Texas Southwestern Medical Center, HarperCollins, Family Bridges, Vanderbilt University, Disorders, The Justice Department, WHO, of Social Welfare, Family Law, Winenger, Montes, Superior Locations: San Diego County, Vista , California, of California, Family Bridges, United States, Santa Cruz , California, Sacramento, Los Angeles, San Diego, toddlerhood, Ratekin, San, California, Eden, New Castle County , Delaware, New York, Ashton, Delaware, Jane Shatz of California, Seattle, Southern California, Texas, Kansas, Toyos, Bozeman , Montana, Family, Tampa , Florida, New, Hudson Valley, Chino , California, Wilmington , Delaware, of Delaware, New Castle County, Denver, Washington, Pennsylvania, Susan Rubio of Los Angeles County, statehouses, Watsonville , California, Santa Cruz, Michigan , Kansas, Utah, Colorado, Montana

☆ Ukraine's military may not be able to retake Crimea, but it can make life hell for Russians there, experts say
▼ + stars: | 2023-05-17 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Retaking the peninsula would be tough, but Ukrainian forces can isolate it, two US experts say. Supplying Russian forces on the peninsula — including the Black Sea Fleet — would require far more airlift capacity than Russia has. "Rattled by attacks, short of supplies, and somewhat isolated, Russian forces in Crimea could become less capable." It is possible that Russia could devise some defense or countermeasure against USVs, especially if they have naval and air superiority over the Black Sea. Sapping the capabilities and morale of Russian forces by disrupting their supply lines is one thing.

☆ South African rand regains some ground against the dollar
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, May 15 (Reuters) - South Africa's rand firmed on Monday, recovering from an all-time low hit against the dollar last week as investors were spooked by possible sanctions amid U.S. allegations, rejected by Pretoria, that South Africa had shipped arms to Russia. At 1543 GMT, the rand traded at 19.0325 against the dollar , 1.54% stronger than its previous close. South African officials swiftly rejected the U.S. claims and said the country had not approved any arms shipment to Russia in December. "Investors, it seems, simply do not see value in South African economy, and we do not think this situation will change until there is material progress towards resolving energy or fiscal issues," Barclays said. South Africa's benchmark 2030 government bond was stronger in afternoon deals, with the yield down 19.5 basis points at 10.745%.

CNN —Virginia Democratic Rep. Gerry Connolly said two staffers were injured Monday by a man wielding a bat who came into his district office in Fairfax. Connolly told CNN that the assailant who entered his office and attacked two of his aides did so with a metal bat. “He was filled with out of control rage,” Connolly told CNN in a phone interview. Connolly told CNN he was at a ribbon cutting at the time for a food bank when the assailant drove to his office and entered the building. In October, a man attacked Paul Pelosi, the husband of then-House Speaker Nancy Pelosi, hospitalizing him after hitting Paul Pelosi with a hammer in the couple’s home in San Francisco.

☆ Vodacom reports 6.4% drop in full-year profit
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, May 15 (Reuters) - African telecoms major and South Africa's biggest mobile carrier Vodacom Group (VODJ.J) reported a 6.4% drop in full-year profit due to a local power crisis and other operational activities. Its headline earnings per share, a profit measure used in South Africa, came in at 948 South African cents for the year ended on March 31, down from 1,013 cents posted a year ago. The company, owned by Britain's Vodafone (VOD.L), has been investing to become a pan-African player, a leading financial services firm and strengthen its data offering in South Africa. But those efforts were dampened as South Africa, its biggest market in the region, has been struggling with rolling blackouts for up to 10 hours a day, forcing telecom firms to run their towers and network on diesel-run generators. ($1 = 18.3161 rand)Reporting by Promit Mukherjee; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ South Africa is 'actively non-aligned' on Ukraine war, says government
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, May 13 (Reuters) - South Africa's presidential security advisor said on Saturday the country was "actively non-aligned" in Russia's war against Ukraine, after U.S. allegations it had supplied weapons to Moscow led to a diplomatic crisis this week. The U.S. ambassador to South Africa Reuben Brigety said on Thursday he was confident a Russian ship under U.S. sanctions had collected weapons from a base near Cape Town in December. Senior U.S. officials had "profound concerns" about South Africa not respecting its professed policy of non-alignment, he added. South Africa has abstained from voting on U.N. resolutions condemning the war. A government statement late in the evening said: the ambassador "admitted that he crossed the line and apologised unreservedly to the government and the people of South Africa."

☆ Alzheimer's treatment Leqembi could cost Medicare up to $5 billion per year, study estimates
▼ + stars: | 2023-05-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Alzheimer's drug Leqembi is seen in this undated handout image obtained by Reuters on Jan. 20, 2023. The new Alzheimer's antibody treatment Leqembi could cost Medicare up to $5 billion per year, according to research published in a leading medical journal this week. Medicare would spend about $2 billion per year if around 85,700 patients test positive for the disease and are treated with the Eisai and Biogen product Leqembi, according to the research published Thursday in JAMA Internal Medicine. The program for seniors would spend $5 billion if around 216,500 patients become eligible for the breakthrough treatment, according to the study. The authors said the estimated costs to Medicare are conservative and that spending on Leqembi might increase more than anticipated depending on demand and other factors.

☆ Russia's navy is flexing its muscles around the world, but it may end up paying for Moscow's losses in Ukraine
▼ + stars: | 2023-05-11 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

Russia's navy has had little involvement in Ukraine, losing only one major warship so far. Russia's military closed off parts of the Sea of Okhotsk and the Sea of Japan to practice firing torpedoes, missiles, and artillery. Russia's navy received heavy investment in the 2000s, as President Vladimir Putin rebuilt the military after a decade of post-Soviet decay. While it still struggles with its larger ships, Russia's navy now has dozens of frigates and corvettes armed with effective long-range weapons. Russian navy corvette Gremyashchiy, front, and the frigate Admiral Kasatonov in St Petersburg in July 2019.

☆ South African rand pauses after steep fall; focus on U.S. CPI
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, May 10 (Reuters) - The South African rand was little changed in early trade on Wednesday after a steep fall the previous day, with global market attention firmly pinned on U.S. inflation figures due later in the day. At 0545 GMT the rand traded at 18.6425 against the U.S. currency , not far from its previous close of 18.6375. The risk-sensitive rand lost more than 1.6% against the greenback on Tuesday, as caution built ahead of Wednesday's U.S. Consumer Price Inflation (CPI) print scheduled for 1230 GMT. Economists expect the headline CPI to hold steady at an annual 5% and core CPI to moderate very slightly to 5.5%, though anything stickier could confound bets interest rates will fall. Among local drivers, South Africa's central bank governor Lesetja Kganyago will from 0900 GMT deliver a lecture on the topic: "Challenges facing the global economy: A South African Perspective".

☆ Surprise drone attacks hint at how Ukraine is going after Russia's missile 'chokepoints'
▼ + stars: | 2023-05-10 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

While its military struggles on the ground in Ukraine, Russia has leaned heavily on aerial attacks. It has also hit bases on the Crimean Peninsula that support the Black Sea Fleet and its missile-equipped warships. The Black Sea Fleet has been reinforced by ships from Russia's Caspian Flotilla, which arrived through a canal connecting the seas. Though the Black Sea Fleet has been able to blockade Ukrainian ports, Ukraine has scored significant victories against it. In December, Ukrainian drones blasted two air bases east of Moscow — hundreds of miles from the Ukrainian border.

☆ US opens embassy in Tonga amid Chinese increasing influence in the region
▼ + stars: | 2023-05-10 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

CNN —The United States opened an embassy in the Pacific island nation of Tonga on Tuesday, Washington’s latest move to broaden its diplomatic footprint in a region where China has been increasing its influence in recent years. “These actions advance the Biden-Harris administration’s ongoing efforts to strengthen the US-Pacific Islands partnership and to support Pacific regionalism,” the White House said in a statement at the time. The embassy in the Tongan capital Nuku’alofa is the second Washington has opened in the Pacific islands this year, following the reopening of one in the Solomon Islands in February. Plans are also underway to open an embassy in Vanuatu, the State Department said in March. Analysts say the Pacific island nations have a strategic military value for the US and its ally Australia.

☆ Stephanie Link’s top stock picks: IR, FTNT
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStephanie Link’s top stock picks: IR, FTNTStephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins ‘Squawk Box’ to discuss her recent stock picks, including Ingersoll Rand and Fortinet.

☆ Here are Tuesday's biggest analyst calls: Microsoft, Apple, Alphabet, JPMorgan, PayPal, Shoals & more
▼ + stars: | 2023-05-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan initiates Alkami as overweight JPMorgan said the regional banking software company has strong fundamentals. " Bernstein reiterates Microsoft as outperform Bernstein said AI is going "everywhere and in everything" that Microsoft does. Goldman Sachs reiterates PayPal as buy Goldman said it sees further earnings upside after the company's earnings report on Monday. " Raymond James reiterates Palantir as strong buy Raymond James said it's standing by its strong buy rating on shares of the AI beneficiary. Credit Suisse downgrades PayPal to neutral from outperform Credit Suisse said it's too "challenging" to recommend shares right now.

Organizations: & & .

☆ An ominous policy change is a sign Russia is preparing for a long, bloody war in Ukraine
▼ + stars: | 2023-05-08 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Recent changes to Russian conscription law indicate Moscow is preparing for a long war in Ukraine. Beyond a need for manpower, the changes may reflect the Kremlin's embrace of more heavy-handed rule. But Russian leaders appear to preparing for a long and bloody fight, judging by a series of new measures related to military conscription. The Russian government is "methodically stepping through a process to go over to a higher readiness and protracted war," Massicot added. Michael Peck is a defense writer whose work has appeared in Forbes, Defense News, Foreign Policy magazine, and other publications.

☆ South Africa's Redefine reports 9.2% fall in distributable income
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, May 8 (Reuters) - South African commercial property group Redefine (RDFJ.J) reported on Monday that its half-year distributable income fell 9.2% and declared an interim divided of 20.32 cents, down 14.2% from the previous period. The group said its distributable income per share - the primary measure of underlying financial performance in the listed property sector - fell to 23.91 cents in the six months ended Feb. 28, from 26.33 cents a year earlier. But revenue was capped by negative rental reversions - when a tenant pays a lower rental on a lease than they did before - and disposals. The company said it expects full-year 2023 distributable income per share of between 48 cents per share and 52 cents per share. ($1 = 18.3833 rand)Reporting by Tannur Anders Editing by Nqobile DludlaOur Standards: The Thomson Reuters Trust Principles.

☆ Massive incendiary attack in Bakhmut shows Russia's 'scorched earth' tactics have turned the eastern Ukrainian city to rubble
▼ + stars: | 2023-05-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

The eastern Ukrainian city of Bakhmut was bombed in an apparent incendiary attack on Friday. Video shows the city ablaze with a bright glow, demonstrating Russia's "scorched earth" tactics. "The Kremlin or Prigozhin might have decided to resort to incendiary weapons as a last roll of the dice to force out Ukrainian troops." Videos circulated on social media early Friday, showing the Ukrainian city ablaze with a glow that prompted military analysts to suggest chemical weapons had been used. "The use of these horrific arms may violate the 1983 Protocol on Prohibitions or Restrictions on the Use of Incendiary Weapons.

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