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EU fiscal rules underpin the value of the euro used by 20 countries and set a limit on budget deficits of 3% of GDP and a public debt limit of 60% of GDP. However, most EU countries exceed these limits as two years of the COVID-19 pandemic and the energy price crisis have both required massive government spending. The main clash is between Germany, which wants annual debt reduction benchmarks that are the same for all, and France, which believes individually negotiated debt reduction paths are the way to go and that one-size-fits-all policies do not work. She said 70% of the text of the new rules has been agreed in technical work over the summer. Reporting by Maria Martinez, Belen Carreno and Jan Strupczewski, writing by Jan Strupczewski; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Valdis Dombrovskis, Dombrovskis, James, Nadia Calvino, Calvino, Maria Martinez, Belen Carreno, Jan Strupczewski, Jason Neely Organizations: SANTIAGO DE, Union, Saturday, Spanish, Thomson Locations: SANTIAGO, SANTIAGO DE COMPOSTELA, Spain, Spanish, Santiago, Santiago de Compostela, Germany, France, Ukraine

☆ In April, Trump said his private-jet LLC was worth no more than $1,001. Then in July, he said it was worth up to $25 million. Why?
▼ + stars: | 2023-09-14 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +6 min

Revised Trump ethics filings show massive shifts in the value of some Trump entities. In an April filing with the Office of Government Ethics, Trump claimed that the TAG Air had a value of $1,001 or less. Then, in a revised July filing, Trump valued TAG Air at between $5 million and $25 million. During the 2016 campaign, taxpayers reportedly paid TAG Air $1.6 million to cover the cost of transporting the Secret Service agents charged with protecting him. Here is Trump's first financial disclosure form, filed in April:And here is Trump's revised financial disclosure form, from July, in two parts.

Persons: Trump, Donald Trump, Letitia James, Steven Cheung, James's, Mike Pence's, General James, Richard W, Painter Organizations: Trump, Service, Trump Organization, New York, TAG Air, Inc, Boeing, Government, TAG, Secret Service, United Arab, China, Management, Briarcliff Manor Development, White, University of Minnesota, Chase Manhattan Bank Locations: cryptocurrency, Iran, China, Ukraine, Wall, Silicon, New York State, York, Ethereum, Turkey, Qatar, United Arab Emirates, Saudi Arabia, Taiwan, South Korea, Ireland, Briarcliff Manor

☆ Former Prudential boss leading contender for CEO role at St James's Place - Sky news
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

Aug 31 (Reuters) - Former interim CEO of insurer Prudential (PRU.L) is the leading contender to take the top job at British asset manager St James's Place (SJP.L), succeeding current chief Andrew Croft, Sky news reported on Thursday. Mark FitzPatrick, interim CEO at the Asia-focused insurer for a period last year, has emerged as the SJP board's preferred successor to company veteran Croft, according to the report. Sky news had in May reported Croft's plan to step down from the role he took over in 2018. St James's Place in July reported a fall in its half-year profit but attracted 3.4 billion pounds ($4.31 billion) of net inflows in what the company called a "challenging period" for UK investors. As of June 30, SJP held 157.5 billion pounds worth of funds under management.

Persons: St James's, Andrew Croft, Mark FitzPatrick, board's, Croft, SJP, Prerna Bedi, Shilpi Majumdar Organizations: Prudential, St, Sky, Thomson Locations: Asia, James's, Bengaluru

☆ The Texas town where James Byrd Jr. was dragged to his death in 1998, sparking national outrage and new federal hate crime legislation, wants to 'move on'
▼ + stars: | 2023-08-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

People in Jasper are in many ways still dealing with the aftermath of James Byrd Jr.'s 1998 murder. Louvon Byrd Harris, Byrd's younger sister, told The Post that many people simply "want to forget what happened." A section of Huff Creek Road in Jasper, Texas, where James Byrd Jr., was dragged to his death. While Byrd's murder prompted the Texas legislature's 2001 passage of the James Byrd Jr. Hate Crimes Act, along with the Matthew Shepard and James Byrd Jr.

Persons: James Byrd Jr, Byrd's, Byrd, George Floyd's, haven't, Louvon Byrd Harris, Poor Jasper, David Shultz, Jasper, Anderson, Juan Lozano, Betty Lane, Matthew Shepard, Tod Lawlis Organizations: Post, Service, Washington, Lone Star State, Historical Museum, Jasper City Council, Anderson Land, AP, Congress, Byrd Foundation, Racial, Byrd Locations: Jasper, Wall, Silicon, East Texas, Minneapolis, Huff, Jasper , Texas, Texas, Austin

☆ UK markets watchdog ready to pounce as new consumer power comes into force
▼ + stars: | 2023-07-31 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

The new duty is particularly significant for being more granular, requiring "good outcomes" and no "forseeable harm" for customers across products and services, price and value. The duty will help the FCA tackle harms pre-emptively to stop a mis-selling scandal in the first place, she added. Firms will have to demonstrate to the FCA how they are providing good outcomes, a step the watchdog hopes will improve on the low trust in financial services. It says it will help ensure that banks pass on higher interest rates to savers, and provide help to those struggling to pay a mortgage. ($1 = 0.7770 pounds)Reporting by Huw Jones; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Nisha Arora, Arora, Philip Deeks, James's, Jonathan Herbst, Herbst, KPMG's Deeks, Deeks, Huw Jones, Conor Humphries Organizations: Financial, Authority, FCA, Reuters, Norton Rose, Thomson

☆ British asset manager St James's Place attracts $4.4 billion in first-half net inflows
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 27 (Reuters) - British asset manager St James's Place (SJP.L) reported a fall in half-yearly profit after tax on Thursday but attracted 3.4 billion pounds ($4.40 billion) of net inflows in what the company called a "challenging period" for UK investors. Funds under management hit a record 157.5 billion pounds, up from 148.4 billion in December 2022. Profit after tax fell to 161.7 million, down from 208.2 million in the same period last year, and the interim dividend was 15.83 pence per share, representing 30% of the previous full-year dividend, the company said. "As we look ahead, there continue to be challenges for UK consumers," he said. ($1 = 0.7722 pounds)($1 = 0.7719 pounds)Reporting by Elizabeth Howcroft, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.

Persons: St James's, Andrew Croft, Croft, Elizabeth Howcroft, Sinead Cruise Organizations: St, Funds, UK savers, Thomson Locations: British, U.S

July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment and market volatility. Schroders' assets under management fell to 726.1 billion pounds ($940 billion) in the six months to June 30, from 737.5 billion pounds at December-end. The company generated 5.7 billion pounds in net new business, excluding joint ventures and associates. In contrast, Jupiter Fund Management (JUP.L) jumped 14% to the top of the FTSE mid-cap (.FTMC) after it reported assets under management rose 2% to 51.4 billion pounds. The fund manager saw "small" net inflows of 23 million pounds, helped by institutional client demand.

Persons: Schroders, Calastone, Peter Harrison, Jefferies, James's, Peel Hunt, Eva Mathews, Savio D'Souza, Sinead Cruise, Sharon Singleton Organizations: Reuters, Bank of England, JPMorgan, Jupiter Fund, Peel, Thomson Locations: British, Bengaluru

☆ Arteta's video nasty helped fire Arsenal to win at Newcastle
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +2 min

NEWCASTLE, England, May 7 (Reuters) - Arsenal manager Mikel Arteta said he played a video of his side's bitter defeat at Newcastle United a year ago before their vital 2-0 Premier League win at St James's Park on Sunday. He said the collective memory of what happened at Newcastle last year had been a massive motivation. The manager showed us the video of the documentary and we had a burning desire that it wouldn't be the same today." With City winning for the 10th league game in a row on Saturday to open a four-point lead, the pressure was piled on Arsenal ahead of the clash at Newcastle. "After dropping points against Man City, to win against Chelsea and then come here and win shows the mentality.

☆ Arsenal win 2-0 at Newcastle to stay in title hunt
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +3 min

NEWCASTLE, England, May 7 (Reuters) - Arsenal showed no sign of raising the white flag in the Premier League title race with a 2-0 victory at Newcastle United on Sunday to close the gap on leaders Manchester City to one point. Newcastle stay third on 65 but Manchester United could overtake them later on Sunday if they win at West Ham United and Liverpool will sense some anxiety as they continue to chase. They also had the bitter memory of a 2-0 defeat at Newcastle a year ago that scuppered their top-four hopes. But this Arsenal side, despite the recent wobbles that have cost them top spot, are made of much sterner stuff. Pope came to Newcastle's rescue again in stoppage time at the end of a frenetic first half, keeping out Odegaard's shot with his legs after the Norwegian looked favourite to score.

[1/4] People wait to watch Britain's King Charles' procession to his coronation ceremony from Buckingham Palace to Westminster Abbey, at The Mall in London, Britain May 6, 2023. REUTERS/Stephanie LecocqLONDON, May 6 (Reuters) - Tens of thousands of people of all ages, from Britain and across the globe, braved the rain for a glimpse of the newly crowned King Charles in the streets of London and on Buckingham Palace's famous balcony on Saturday. "It was amazing to see them all there in real life, just like you’d see on a postcard." Charles, 74, ascended to the throne in September after the death of his mother Queen Elizabeth. But polls show the public generally approves of Charles as king and a majority still support the monarchy, even if younger people are far less interested.

☆ Screen to shield sacred moment of King Charles' coronation unveiled
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

The three-sided screen will shield Charles when he is anointed with holy oil, consecrated in Jerusalem, on his hands, breast and head, shortly before he is crowned at London's Westminster Abbey on May 6. Buckingham Palace said it was historically regarded "as a moment between the sovereign and God" with the screen there to protect its sanctity. "Now this three-sided screen provides absolute privacy." "It is such a private, sacred moment," she told Reuters "It's a mystic moment." "It's utilising stuff that might have been used as firewood but actually we're using it for something very special," Gutfreund said.

☆ Schroders' assets under management fall on year; small uptick from prior quarter
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

At the end of the first quarter, Schroders' assets under management rose 1.2% to 746.3 billion, although still 0.8% lower than the corresponding period a year ago, when the Russia-Ukraine conflict had just begun. Peer St. James's Place (SJP.L) said assets under management rose 3.5% by the end of March quarter, adding that it expected a more supportive environment for new business in 2023. Still, SJP's net inflows were down nearly 9% at 2 billion pounds during the first quarter, missing company-compiled analysts' expectations of 2.2 billion. Separately, Schroders named PricewaterhouseCoopers' current global market leader, Richard Oldfield, as its new CFO. Schroders shares were down 1.4%at 474.5 pence by 0750 GMT, compared to a largely flat benchmark index (.FTSE).

☆ Royal castles to luxury getaways: How to spend King Charles III's coronation weekend
▼ + stars: | 2023-04-26 | by ( Karen Gilchrist | Rob Goss | ) www.cnbc.com time to read: +7 min

The king has pledged a more scaled-back affair than that celebrated by his mother, the late Queen Elizabeth II, in 1953. Here's CNBC Travel's top picks for how to spend the coronation weekend. Watch the ceremonial processionThe coronation will take place at Westminster Abbey on May 6 in a service conducted by the Archbishop of Canterbury. Buckingham Palace, London residence of the reigning monarch of the United Kingdom, is open for tours outside of the coronation weekend. Picnic in the Royal ParksLondon's Royal Parks offer a more low-key way to absorb the royal atmosphere over the coronation weekend.

Several major finance companies also voluntarily reported ethnicity pay data for the period. The majority of major finance firms nonetheless made progress in narrowly closing their gender pay gaps, according to their disclosures. ETHNICITY PAY GAPSHalf of the 20 finance firms reviewed reported varying detail on ethnicity pay gaps, with some including insurer Phoenix doing so for the first time. Where pay gaps were further broken down by ethnicity, they showed the largest pay disparities were between Black and white employees. All the employers said in their pay gap reports they were taking steps to improve diversity, particularly at senior levels.

☆ Over 150 ex-soccer, rugby players join concussion lawsuit
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +3 min

London sports law firm Rylands Garth said it would issue proceedings in court on Tuesday on behalf of 100 rugby league players, 40 rugby union players and 15 football players, taking the total number of claimants to 380. The players allege that the sports' governing bodies failed to protect them from concussion and non-concussion injuries that caused various disorders including early onset dementia, chronic traumatic encephalopathy, epilepsy, Parkinson's disease and motor neurone disease. "Acting on the latest science, evidence and independent expert guidance, we constantly strive to safeguard and support all our players – future, current, and former...," World Rugby, the Rugby Football Union (RFU) and the Welsh Rugby Union (WRU) said in a joint statement. Rylands Garth represents over 250 rugby union players with brain damage, including England World Cup winner Steve Thompson and former Wales captain Ryan Jones, in a claim against World Rugby and the governing bodies of England and Wales. The firm also represents 100 rugby league players as part of a separate but similar potential claim against England's RFL.

LONDON, Feb 28 (Reuters) - British asset manager abrdn (ABDN.L) fell to a full-year pretax loss and reported a slide in client funds for 2022, as global markets turmoil and runaway inflation weighed on its finances. Abrdn reported a 615 million pound ($741 million) pretax loss for the year ended Dec. 31, compared to a 1.1 billion pound profit the prior year. Abrdn's assets under management fell 8% to 500 billion pounds from 542 billion pounds, while the company reported a further year of net outflows of client funds. The company also said it had agreed to sell its discretionary fund management arm abrdn Capital to Liechtenstein-based private bank LGT for 140 million pounds. The sale involves the transfer of around 6.1 billion pounds of assets and about 140 employees, the company said.

☆ FTSE 100 falls as Ocado sinks; still set for best Feb in six years
▼ + stars: | 2023-02-28 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) lost 0.6% with shares of Ocado (OCDO.L) plunging 10.5% on the online supermarket and technology group's worse-than-expected full-year loss. "Ocado is in the eye of the cost-of-living storm because its offering isn't synonymous with being the best value," said Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown. Lund-Yates said Ocado is a higher-end option, without the same benefits of enticing people with tangible, physical goods like peer Marks & Spencer (MKS.L). Despite recent volatility, the exporter-heavy FTSE 100 is on track to record its best February performance since 2017 as higher earnings and weakness in the pound earlier in the month made equities more attractive. On the flipside, hedge fund firm Man Group (EMG.L) gained 7.9% after posting a higher full-year core pretax profit and beating expectations on assets under management.

Strzok and Page factored prominently in Trump's contention that the FBI was politically biased against him. Page, who resigned her position as a senior FBI lawyer, sued over alleged privacy violations stemming from the leak of the messages. The Justice Department has argued that Strzok was fired for violating FBI policies and undermining trust in the bureau. Both Trump and Wray had resisted subpoenas to appear for depositions, arguing that Strzok had not cleared the high bar to depose senior government officials by showing that Trump and Wray had information relevant to the case. Representatives for Trump and the U.S. Justice Department did not immediately respond to requests for comment.

☆ Trump's criminal lawyer slams ex-Manhattan prosecutor Mark Pomerantz's Trump probe book as 'inaccurate'
▼ + stars: | 2023-02-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Trump criminal lawyer Ron Fischetti criticized a tell-all by his former law partner, Mark Pomerantz. Pomerantz is a former lead prosecutor in the DA's probe and author of "People vs. Donald Trump." "I don't think he should have written this book at all," Fischetti told Insider of former prosecutor Mark Pomerantz, whose book, "People vs. Donald Trump," was published this month. "This is a terrible, terrible book," Fischetti said, taking Pomerantz to task for criticizing Bragg's caution and for speaking publicly about a confidential probe that's still in progress. Pomerantz also should have known better than to publicly question Bragg's decision to slow the probe, Fischetti said.

☆ Seen Big Ben already? Here's a Londoner's guide to visiting other parts of the city
▼ + stars: | 2023-02-15 | by ( Lucy Handley | ) www.cnbc.com time to read: +11 min

Central London's City of Westminster is its political heart, while the City of London is where the capital's financial decisions happen. But be warned: Several paths across Hyde Park are pedestrian-only, and police often fine people who cycle on them. The City of London is a blend of old and new, with St Paul's Cathedral close to skyscrapers as well as Roman ruins. While north London has Hampstead Heath, south of the river is Richmond Park, which dwarfs its northern counterpart in size. There's also a branch in central London's Covent Garden — the flower-filled restaurant The Petersham — that has an sit-down deli and bar.

☆ LeBron rewrites playbook on athlete activism on way to the top
▼ + stars: | 2023-02-08 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

He said other players would approach him during his years in the league to discuss his activism - quietly. James became a leading voice in support of the Black Lives Matter movement following the murder of George Floyd in 2020. The four-times MVP took aim at Republican then-President Donald Trump in 2018, saying Trump had emboldened racists in the United States. In response to his criticism of Trump, Fox News commentator Laura Ingraham told him to "shut up and dribble". "He kind of maintained as broad of a consensus appeal, not only because of his activism, but also because of the way he's kind of done marketing and business and commercialization," said Hartmann.

James needs 36 points to eclipse Lakers great Kareem Abdul-Jabbar's record of 38,387 points and will get his first chance to do so at home on Tuesday against the Oklahoma City Thunder. Tickets for that game start at $284, 50% higher than the team's season average, according to ticket retailer StubHub. "This might be one of those things that helps endear him to L.A.," said longtime Lakers fan Mike DeMars. "For me it's hard to compare different eras because the game was different back in the 80s and 90s," said Ellis. Reporting by Rory Carroll in Los Angeles Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Trump's go-to attorney Alina Habba is withdrawing from E. Jean Carroll's rape claim. Last month, a federal judge sanctioned her $1 million for bad lawyering.
▼ + stars: | 2023-02-01 | by ( Jacob Shamsian | Ashley Collman | ) www.businessinsider.com time to read: +5 min

Alina Habba is withdrawing from representing Donald Trump in E. Jean Carroll's rape claim. Habba told Insider she continues to be dedicated to Trump. The move comes two weeks after a federal judge in Florida sanctioned Habba and Trump in a separate case and fined them $1 million. In a statement provided to Insider, Habba told Insider she was dedicated to representing Trump in court. "While I appreciate the left-wing media's attempt to fabricate any story to fit their narrative, I am so happy to have Joe step in and assist," Habba told Insider.

[1/2] Frank James, the suspect in the Brooklyn subway shooting walks outside a police precinct in New York City, New York, U.S., April 13, 2022. REUTERS/Andrew KellyNEW YORK, Jan 3 (Reuters) - The man who set off smoke bombs on a crowded New York subway train before shooting 10 people last April in one of the most violent attacks ever seen on the city's transit system pleaded guilty on Tuesday to terrorism and weapons charges. "I got on the subway train that was carrying people," said James, dressed in wrinkled khaki jail overalls and sitting at a table alongside his public defenders. read moreLess than two months after James' attack, a man was arrested in the fatal, unprovoked shooting of a man on a subway car crossing the Manhattan Bridge from Brooklyn into Manhattan. In June, another man was arrested on suspicion of pushing a woman onto the tracks of a subway station in the Bronx.

"The entire defense strategy here is to promote the notion that Weisselberg did it for Weisselberg," Steinglass told the jury in a New York state court in Manhattan. Steinglass told jurors that Trump executives other than Weisselberg were involved, saying the company's chief operating officer and a former general counsel received Christmas bonuses as if they were independent contractors. If convicted on all nine counts it faces, Trump's company faces up to $1.6 million in fines. 'SMORGASBORD OF BENEFITS'Defense lawyers had told jurors on Thursday that Weisselberg's intent was to benefit himself and not the company. Weisselberg is expected to serve five months in jail after pleading guilty to tax fraud and other charges.

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