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LONDON (AP) — Britain's medicines regulator has authorized the world's first gene therapy treatment for sickle cell disease, in a move that could offer relief to thousands of people with the crippling disease in the U.K. The agency approved the treatment for patients with sickle cell disease and thalassemia who are 12 years old and over. Casgevy is currently being reviewed by the U.S. Food and Drug Administration; the agency is expected to make a decision early next month, before considering another sickle cell gene therapy. Millions of people around the world, including about 100,000 in the U.S., have sickle cell disease. Scientists believe being a carrier of the sickle cell trait helps protect against severe malaria.

Persons: ”, Helen O'Neill Organizations: Medicines and Healthcare Regulatory Agency, Vertex Pharmaceuticals, CRISPR Therapeutics, Helen O'Neill of University College London, Medicines, U.S . Food, Drug Administration, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Europe, CRISPR, South Asian, Britain, U.S, Africa, India, Eastern

☆ Morning Bid: Oil and bond yields try to find toehold
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +4 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. The supply picture for U.S. crude, which is now down more than 20% from late September's peaks, has also weighed on energy prices. Crude inventories increased by 11.9 million barrels over the week to Nov. 3, sources said, citing American Petroleum Institute figures. With senior Fed officials on Wednesday side-stepping guidance on the central bank's next policy steps, attention focuses squarely on Powell's latest speech. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Carlo Allegri, Mike Dolan, Jerome Powell's, Powell, Jerome Powell, Thomas Barkin, Raphael Bostic, Kathleen O'Neill Paese, Christine Lagarde, Janet Yellen, Becton Dickinson, Emelia Sithole Organizations: New York Stock, REUTERS, Federal, American Petroleum Institute, Walt Disney, ABC, Warner Bros Discovery, Richmond Fed, Atlanta Fed, Louis Interim, European Central Bank, . Treasury, News Corp, Wynn Resorts, U.S, Treasury, Thomson, Reuters Locations: Manhattan, New York City , New York, U.S, Europe, Shanghai, Hong Kong, Washington, St, Brussels, Mettler, Toledo, TransDigm

☆ US banking executives talk soft landing, capital rules
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

[1/2] Bank of America Chairman and CEO Brian Moynihan speaks at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 8, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsNov 8 (Reuters) - Top U.S. banking executives on Wednesday allayed fears of a recession, with Bank of America (BAC.N) CEO Brian Moynihan reiterating his expectation of a soft landing for the economy. Here are some excerpts from their interviews at the Reuters NEXT conference in New York:BRIAN MOYNIHAN, CEO AT BANK OF AMERICASOFT LANDING EXPECTATIONS"Our research team is the best in the business. They have moved to the soft landing category. ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) ISSUES"On a given day, we are criticized for being a large lender to energy companies.

Persons: Brian Moynihan, Brendan McDermid, BRIAN MOYNIHAN, HOLLY O'NEILL, JIM ESPOSITO, GOLDMAN SACHS, Niket Nishant, Manya Saini, Lananh Nguyen, Saeed Azhar, David Gregorio Our Organizations: Bank of America, REUTERS, U.S, Reuters NEXT, OF, GOLDMAN, Reuters, reuters, Thomson Locations: New York City , New York, U.S, New York

☆ How Democrats can win big in red states
▼ + stars: | 2023-11-08 | by ( Brent D. Griffiths | Walt Hickey | ) www.businessinsider.com time to read: +7 min

Democrats are finding ways to advance their candidates and causes in traditionally red states. Tuesday's elections show that while the party may never reach its former heights in increasing red states, it can still notch victories that continue to claw back power. Some states have long elected Democrats at the local level while rejecting Republicans at the national level and vice-versa. AdvertisementAdvertisementHere are some of the ways Democrats are still winning:Keep it local. Issue 1's proponents, like other previous red state movements, couched some of their appeals in broader language that would welcome Republicans.

Persons: Roe, Wade, —, Andy Beshear, Laura Kelly, Raphael Warnock, Tip, Daniel Cameron, Katie Hobbs, Donald Trump's, Hobbs, Sen, Mark Kelly, John Bel Edwards, Kelly, Gabby Giffords, Gretchen Whitmer's, Beshear, it's, Steve Beshear, juiced, Nan Whaley, Sabato Crystal Ball, Perry Bacon Jr, Cameron, Reagan, Glenn Youngkin, Floridians Organizations: Service, GOP, Trump, Democratic Gov, Democratic, Gov, Democrats, Republicans, Louisiana Democrats, Michigan Gov, Ohio, Force, Midwesterners Locations: Ohio , Kentucky, Kansas, New York, Kentucky, In Kansas, Arizona, Louisiana, In Arizona, America, Ohio, Cleveland, Virginia

☆ Thousands in Australia join pro-Palestinian march over Gaza
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] People demonstrate in support of Palestinians in Gaza as the conflict between Israel and Hamas continues, in Sydney, Australia, Saturday, October 21 2023. AAP/Brent Lewin via REUTERS Acquire Licensing RightsSYDNEY, Oct 21 (Reuters) - Thousands took part in a pro-Palestinian march in Australia's biggest city, Sydney, on Saturday, getting last-minute approval amid concerns after some protesters at an earlier rally had chanted anti-Jewish slogans. In Sydney, Australia's biggest city, around 15,000 people attended Saturday's march, organiser Palestine Action Group said, with demonstrators chanting "Palestine will never die" and waving Palestine flags. Police said no arrests had been made, and Palestine Action Group spokesperson Amal Naser said the march was peaceful. Pro-Palestine rallies were also scheduled on Saturday in state capitals Brisbane, Perth and Hobart, Palestine Action Group said, after thousands attended largely well behaved rallies around Australia last weekend.

Persons: Brent Lewin, Benjamin Netanyahu, Amal Naser, Barbara O'Neill, James McGlone, Alex Ryvchin, Saturday's, Sam McKeith, James Redmayne, William Mallard Organizations: Hamas, AAP, REUTERS Acquire, Rights, Palestine, Group, Police, Palestine Action, of Australian, Sydney Opera House, Thomson Locations: Gaza, Israel, Sydney, Australia, Australia's, Israeli, Palestine, Brisbane, Perth, Hobart

☆ Morning Bid: Bond steamroller flattens all
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +5 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. That's all on top of the ongoing rethink of the Fed's long-term rate horizon and increasingly high-pressure economy. Hit from all sides, the Treasury market is simply in ructions - catalysed perhaps by technical, speculative and positioning factors too. Ten-year yields hit a whopping 4.88% early on Wednesday - an increase of 80 basis points in little over a month. And implied volatility in the bond market (.MOVE) hit its highest since May.

Persons: Florence Lo, Mike Dolan, Kevin McCarthy, Michelle Bowman, Austan Goolsbee, Jeffrey Schmid, St, Louis Fed, Kathleen O'Neill Paese, Mehmet Simsek, Bernadette Baum Organizations: U.S, REUTERS, Congress, riven, Federal Reserve, Bank of, Treasury, Nasdaq, Reserve Bank of New, P Global, U.S . Federal Reserve, Chicago Fed, Kansas City Fed, Turkish, Thomson, Reuters Locations: U.S, Washington, Asia, Europe, Reserve Bank of New Zealand, Kansas, London

☆ China and India are so far into frenemy zone that they may never join forces to topple the dollar
▼ + stars: | 2023-10-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

The economist who coined the "BRIC" acronym said the currency idea seemed "crazy." The bloc is helmed by the major emerging nations of Brazil, Russia, India, China, and South Africa. It also appears that it's just Russia and Brazil that have really pushed for a BRICS common currency. But even if a BRICS currency comes to pass, its use could be limited. AdvertisementAdvertisementPrakash said a BRICS currency would be used in "very narrow and vertical settings, or for BRICS projects."

Persons: —, Washington, Joseph Sullivan —, There's, Jim O'Neill, Goldman Sachs, O'Neill, Xi Jinping, Narendra Modi, Xi, didn't, Li Qiang, Liu Pengyu, Modi, Liu, there's, Abishur Prakash, it's, China hasn't, Palit, Prakash Organizations: Service, White House, Indian, Monetary Fund, China's, UN, China, Institute of South Asian Studies, National University of Singapore, Affairs Ministry Locations: China, India, Russia, Ukraine, Brazil, South Africa, Europe, Africa, Beijing, New Delhi, Johannesburg, China's Washington, DC, BRICS

☆ Morning Bid: Spiky quarter ends in uneasy market calm
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. At 4.53% on Friday, the 10-year benchmark was some 15 basis points off Thursday's peak and two-year yields fell back to their lowest since Sept. 18. Some optimism from Beijing about a possible year-end summit between President Xi Jinping and U.S. President Joe Biden helped. Key developments that should provide more direction to U.S. markets later on Friday:* US August PCE inflation gauge, personal income and spending. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Thursday's, Xi Jinping, Joe Biden, Lifeng, Federal Reserve's, Jerome Powell, Thomas Barkin, it's, Kathleen O'Neill Paese, John Williams, Toby Chopra Organizations: New York Stock Exchange, REUTERS, Treasury, Organization of, Petroleum, Wall Street Journal, Federal, Fed, Richmond Fed, Nike, HK, Reuters, Mercedes, Benz, Chicago, University of, Louis Federal Reserve, New York Fed, U.S, Reuters Graphics Reuters, Reuters Graphics, Thomson Locations: New York City, U.S, Beijing, China, Washington, Hong Kong, Nio

☆ ‘Monster Fracks’ Are Getting Far Bigger. And Far Thirstier.
▼ + stars: | 2023-09-25 | by ( Hiroko Tabuchi | Blacki Migliozzi | ) www.nytimes.com time to read: +23 min

Dallas TEXAS Austin Houston San Antonio Dallas TEXAS Austin Houston San Antonio TEXAS TEXAS Amarillo Lubbock Dallas El Paso TEXAS Austin Houston San Antonio Corpus Christi UNCHARTED WATERS ‘Monster Fracks’ Are Getting Far Bigger. Water wells that supply fracking Nationwide, fracking has used up nearly 1.5 trillion gallons of water since 2011. Now they account for almost two out of every three fracking wells in Texas, the Times analysis found. ‘Monster fracks’ take off in Texas Proportion of fracks Source: FracFocus chemical disclosure database as of Aug. 1, 2023. In 2020, New Mexico halted sales of water supplies to oil and gas companies fracking on state land.

Medicaid, the federal and state health insurance program for the poor, requires states to provide dental coverage for children but not adults. While dental care often is seen as routine, the poor often go without any care for years or even decades. In New Hampshire, the state is spending $33.4 million over 12 months to provide dental care to its 88,000 Medicaid recipients. Andy Beshear pressed ahead with emergency regulations ensuring that about 900,000 Kentuckians would continue having access to dental care after the Republican-led legislature rejected his proposal. A mother of five, she figured dental care would take away from spending on her children.

Persons: Carlton Clemons, ”, Cindy, Victor Wu, don’t, Rhonda Switzer, ” Switzer, Nadasdi, Joe Schapiro, can’t, Andy Beshear, Heather Taylor, Richard M, “, Ryan O’Neill, ” O'Neill, Danielle Wilkes, Renee Pentecost, Wilkes, I’m, Jasmine Webb, Pentecost, “ I’m, Bruce Schreiner, Robert Wood Johnson Organizations: Social Security, Meharry Medical College School of Dentistry, M University, for Disease Control, Interfaith Dental, CareQuest Institute, Oral Health, New Hampshire Democratic, Democratic, Republican, Rhode, American Dental Association . Illinois, Fairbanks School of Public Health, Indiana University, Tennessee Family Dental, Medicaid, ”, Associated Press, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: Tenn, Nashville , Tennessee, Tennessee, Texas, United States, Nashville, Murfreesboro , Tennessee, Hawaii , Tennessee , Kentucky, Michigan, Maryland, New Hampshire, Kentucky, Virginia, Kansas, Texas , Alabama , Mississippi , Utah, Louisiana, New Jersey, American Dental Association . Illinois , New York , Ohio, Oregon, Alaska, North Dakota, Delaware, Ashland , Tennessee, Frankfort , Kentucky

☆ Sweden's Carl XVI Gustaf celebrates 50 years as king
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

Princess Madeleine, Chris O'Neill, Prince Daniel, Sweden's Queen Silvia, Sweden's King Carl Gustaf, Prince Carl Philip, Prince Daniel and Crown Princess Victoria watch from the balcony during the changing of the guard in the outer courtyard of Stockholm Palace on the occasion of King Carl XVI Gustaf's 50th anniversary on the throne, in Acquire Licensing Rights Read moreSTOCKHOLM, Sept 15 (Reuters) - Sweden's King Carl XVI Gustaf celebrated 50 years on the throne on Friday with ceremonies throughout the capital, including gun salutes, speeches and a lavish dinner with other heads of state. Friday is the culmination of a four-day celebration and the public was invited to the Stockholm palace courtyard to congratulate the 77-year-old king, the Nordic country's longest sitting monarch. The Swedish king is the official head of state but is largely confined to ceremonial and representative duties. Carl Gustaf ascended to the throne when he was 27 years old on Sept. 15, 1973, after the death of his grandfather Gustav VI Adolf. The king, who suffers from dyslexia, was often ridiculed in the early years of his reign for misspeaking during speeches.

Persons: Madeleine, Chris O'Neill, Prince Daniel, Sweden's Queen Silvia, Sweden's King Carl Gustaf, Prince Carl Philip, Victoria, King Carl XVI Gustaf's, King Carl XVI Gustaf, Carl Gustaf, Gustav VI Adolf, misspeaking, Johan Ahlander, Tom Little, Mark Heinrich Our Organizations: Crown, Nordic, Sweden, Gothenburg University, Thomson Locations: Stockholm, STOCKHOLM, Sweden, Southeast Asia, Brunei

☆ I watched the newly-public security camera footage from January 6. I saw things I hadn't seen before — including eerie scenes of lawmakers fleeing for their safety on one of the darkest days in Americ
▼ + stars: | 2023-09-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

House Republicans have begun to make January 6 security camera footage publicly available. I watched as lawmakers fled for safety — and banded together — while rioters besieged the Capitol. AdvertisementAdvertisementRoger Stone in front of the O’Neill House Office Building, where the January 6 security camera footage can be viewed, in December 2021. Upstairs, I focused on a lone security camera in front of the House chamber. On another security camera in Longworth House Office Building, I watched lawmakers of both parties gathering near the secure location where they sheltered for the duration of the riot.

Persons: Kevin McCarthy, Tucker Carlson, Roger Stone, Anna Moneymaker, I'd, —, Cori Bush, Bush, Steny Hoyer —, Madison Cawthorn, Eric Swalwell, Mike Pence —, Pence, Republican Sen, John Boozman, Democratic Sen, Dianne Feinstein, Lisa Murkowski, Dan Sullivan, Kevin Cramer, Sen, Jim Inhofe, Sheldon Whitehouse, Ashli Babbitt, there's, Barry Loudermilk Organizations: Republicans, Capitol, Service, House Republicans, Fox News, Administration, O'Neill, US Capitol Police, United States Capitol Police, Cannon House, Democratic, Rayburn House, Lawmakers, Republican, Democrat, Capitol Police, Republican Rep Locations: Wall, Silicon, O’Neill, Hart, Hart , Alaska Sens

☆ Watch CNBC’s full interview with Jim O'Neill
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Jim O'NeillJim O'Neill, former Goldman Sachs Asset Management chairman and former U.K. Treasury Minister, joins 'Squawk on the Street' to discuss the global macroeconomic picture and more.

Persons: Jim O'Neill Jim O'Neill Organizations: Goldman Sachs, Management, . Treasury

☆ The U.S. cannot have a soft landing if the global economy continues to struggle, says Jim O'Neill
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. cannot have a soft landing if the global economy continues to struggle, says Jim O'NeillJim O'Neill, former Goldman Sachs Asset Management chairman and former U.K. Treasury Minister, joins 'Squawk on the Street' to discuss the global macroeconomic picture and more.

Persons: Jim O'Neill Jim O'Neill Organizations: Goldman Sachs, Management, . Treasury

☆ Screw it, I solved the student debt forgiveness debate
▼ + stars: | 2023-09-05 | by ( Walt Hickey | ) www.businessinsider.com time to read: +8 min

The government should reduce the interest rate on federal student loans, and forgive any that's accrued. Half of Americans support forgiving up to $20,000 in federal student loan debt, a figure that soars to 83% among those who have student loans. Forgiving all student loan debt still maintains 39% support, a remarkably high figure for a fiscal policy that even a decade ago would have been an utter non-starter politically. Americans owe just south of $1.6 trillion in student loan debt. As a result, an equitable solution is this: retroactively adjust the interest rate on federal student loans to be at or near zero.

Persons: that's, Uncle Sam, Luke O'Neill, hasn't, Jesus Christ, you've, vig, RANDI LYNN BEACH, They'll Organizations: Service Locations: Wall, Silicon, United States

☆ The ex-Navy SEAL who says he killed Osama bin Laden was arrested on charges of assault
▼ + stars: | 2023-08-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

O'Neill previously had a run-in with the law for a DUI charge that was later dropped. O'Neill gained public notoriety in 2014 after he claimed to have fired the shot that killed bin Laden, the notorious Al Qaeda leader. AdvertisementAdvertisementOne source disputed O'Neill's story to Reuters and said another team member entered the room bin Laden was in before O'Neill. During the height of the COVID-19 pandemic in 2020, O'Neill claimed he was banned from Delta Air Lines because he refused to wear a mask during a flight. AdvertisementAdvertisementIn 2016, Montana prosecutors dropped a DUI charge against O'Neill.

Persons: Robert O, Neill, Al, O'Neill, Osama, Laden, Robert O'Neill, bin Laden, stuff's Organizations: Service, Navy, Dallas Morning News, Frisco Police Department, Delta Air Lines, US Navy, Navy Digital Ambassador, The Montana Locations: Al Qaeda, Wall, Silicon, Frisco , Texas, Collin, Montana

☆ The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
▼ + stars: | 2023-08-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

De-dollarization was a closely watched topic amid the BRICS summit last week. He said at a previous international meeting in July that it was important to establish an "independent financial system" based on local currency trade. But these international arrangements, trading arrangements, payment arrangements, these have been in place for a long time." AdvertisementAdvertisementInstead, South Africa appears to veer toward increasing the bloc's trade in local currencies. The economist who coined the term BRICS slammed the idea altogetherJim O'Neill, a former Goldman Sachs economist who first gave the BRICS bloc its name, has slapped down the idea of a common BRICS currency.

Persons: dollarization, SWIFT, Luiz Inacio Lula da Silva, Putin, Vladimir Putin, I'm, Hardeep Singh Puri, Puri, Xi, Xi Jinping, Enoch Godongwana, Paul Mashatile, Jim O'Neill, Goldman Sachs, O'Neill Organizations: Service, United, United Arab Emirates, Times, CNBC, Bloomberg, Financial Times Locations: Wall, Silicon, South Africa, Brazil, Russia, India, China, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab, New Delhi, Johannesburg, South

☆ Women Face Age Discrimination at Every Age, According to a New Study
▼ + stars: | 2023-08-28 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

But she was taken aback by the extent to which middle-aged women like O'Neill reported experiencing age-related discrimination at work. "When men get to their 40s or 50s, they're considered to be in the prime of their careers," Diehl told me. In one 2019 poll of 400 US workers ages 40 and older, more men than women reported experiencing or witnessing age discrimination on the job. Research has also found that older job seekers face age discrimination regardless of gender, despite a 56-year-old federal law that purportedly protects against older-age discrimination in employment. It's undeniable that workplace age discrimination occurs across gender lines, but the qualitative experiences surfaced by Diehl, Stephenson, and Dzubinski help paint a picture of how an open culture around age discrimination can ultimately end up fueling good, old-fashioned sexism.

Persons: Julie O'Neill, O'Neill, Julie, WCPO, —, ageism, pats, Amy Diehl, wasn't, they're, Diehl, It's, Amber L, Stephenson, Leanne, dory, she'd, Kelli María Korducki Organizations: Cincinnati Bengals, Harvard Business, Companies, Research Locations: COVID, midlife, Cincinnati, WCPO, New York City

☆ Employee Discrimination: Women of All Ages Face Sexism at Work
▼ + stars: | 2023-08-28 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

AQUIFERS AQUIFERS AQUIFERS WASH. MAINE MONT. MONITORING WELLS MONITORING WELLS MONITORING WELLS WASH. MAINE MONT. FLA. DECLINING WELLS DECLINING WELLS DECLINING WELLS WASH. MAINE MONT. FLA. UNCHARTED WATERS America Is Using Up Its Groundwater Like There’s No Tomorrow Overuse is draining and damaging aquifers nationwide, a New York Times data investigation revealed. Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Groundwater level trends Rising Declining Note: Colors depict the median trend for each site over the previous 20 years.

LONDON, Aug 23 (Reuters) - The United States and China may feel some financial detente is wise at this point - even if goading one another plays well domestically. But elements of the once-feared bind of 'mutally-assured financial destruction' (MAFD) still apply. Pulling the rug out from under either - battering U.S. and Chinese demand in effect - seems to make little economic sense at least. America had new markets and investments and a seemingly durable new creditor that kept borrowing rates low and consumption up. Falling China Share of Foreign US Treasury HoldingsChina FX Reserves vs Global ReservesUS Treasury Debt Climbs as Fed Pulls Back'MAFD'But is that where the situation has landed post-pandemic?

Persons: Larry Summers, Summers, Goldman Sachs, Jim O'Neill, O'Neill, Gina Raimondo's, Stephen Jen, Eurizon SLJ, Treasuries, Deepa Babington Organizations: U.S . Treasury Securities, ., Treasury, Foreign US Treasury Holdings China FX, Global Reserves, U.S ., Commerce, U.S, Reuters Graphics Reuters, Reuters, Thomson Locations: United States, China, Washington, Ukraine, Taiwan, Hong Kong, U.S, Beijing, America

☆ Woodside Energy CEO discusses gas strike talks
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralia gas strike talks: Discussions with workforce have been constructive, says Woodside EnergyMeg O'Neill, CEO of Woodside Energy, discusses Australian unions' plan to strike at gas platforms, and says the company is optimistic about being able to avoid any significant industrial action, adding "but again, at the end of the day that'll be the unions' call if they want to use some of those levers that are available to them."

Persons: Energy Meg O'Neill Organizations: Australia, Energy, Woodside Energy

☆ Over 40 countries sick and tired of the Western-led world order are clamoring to join a group where China and Russia are members
▼ + stars: | 2023-08-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Over 40 countries are interested in joining Brazil, Russia, India, China, and South Africa in the BRICS bloc, Reuters reported. However, the BRICS bloc faces challenges from rivalry between China and India, and Russia's war in Ukraine. South Africa is hosting the 15th summit of the BRICS bloc in Johannesburg from Tuesday to Thursday. Still, the BRICS group does face challenges, including the long-standing rivalry between China and India, China's economic slowdown, and Russia's war in Ukraine. The bloc was formed in 2009 with its first summit, and South Africa joined in 2011, making the grouping BRICS.

Persons: South Africa hasn't, Rob Davies, South, It's, Evan Freidin, Vladimir Putin, Putin —, Goldman Sachs, Jim O'Neill, dollarization Organizations: Reuters, Service, South, United, Australian Institute of International Affairs, Criminal, South Africa, New Development Bank Locations: Brazil, Russia, India, China, South Africa, Ukraine, Wall, Silicon, Johannesburg, Iran, Venezuela, Southeast, Indonesia, Saudi Arabia, United Arab Emirates, Russian, Shanghai, Africa's

☆ What is BRICS, which countries want to join and why?
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +4 min

All the BRICS countries are part of the Group of 20 (G20) of major economies. WHICH NATIONS WANT TO JOIN BRICS AND WHY? It has received backing from Russia and Brazil to join the BRICS. Bolivia's President Luis Arce has expressed interest in BRICS membership and is expected to attend the summit. Algeria said in July it has applied for BRICS membership and to become a shareholder in the New Development Bank, the so-called BRICS Bank.

Persons: Commerce Wang, Competition Ebrahim Patel, Goldman Sachs, Jim O'Neill, Luis Arce, Bhargav Acharya, Olivia Kumwenda, Tomasz Janowski Organizations: Commerce, Africa's, Trade, Industry, Competition, of Trade, Economic, United Nations, World Bank, of, Petroleum, WHO, Democratic, U.S, New Development Bank, BRICS Bank, Thomson Locations: South Africa, China, JOHANNESBURG, Brazil, Russia, India, Johannesburg, United States, United, Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, Kazakhstan, Cape Town

☆ India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
▼ + stars: | 2023-08-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

India's central bank is asking lenders to promote local currencies when trading with the UAE, Reuters reported. The central bank hopes to stem India's outflow of greenbacks and help promote the rupee internationally, according to the report. A central bank official delivered the message to foreign exchange dealers during a seminar this month, Reuters said. The request from the central bank comes as India and the UAE have set themselves on a de-dollarization path. Meanwhile, banks are also offering smaller companies discounted service charges to incentivize local currency transactions.

Persons: South Africa —, Jim O'Neill Organizations: UAE, Reuters, Service, Reserve Bank of India, United Arab, Abu Dhabi National Oil Company, — Locations: India, UAE, Wall, Silicon, United Arab Emirates, Abu Dhabi, Ukraine, Russia, — Brazil, China, South Africa

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