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☆ Take Five: Sell in May?
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +5 min

The services component of the price data can gauge demand, but consumer and producer price data broadly paint a picture of deflation. April inflation data is out Thursday. At 10.1%, UK inflation is the highest in Western Europe. Reuters Graphics Reuters Graphics4/ SELL IN MAYConventional wisdom has it that May is the ideal point to take profit on equities and lay low until later in the year. "Sell in May and go away" is based on the premise that the best six-month period of the year for stock market returns is November to April, while the leanest is May to October.

☆ Turkey closes airspace to Armenian airline without warning, Armenpress reports
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +1 min

April 29 (Reuters) - Turkey on Saturday closed its airspace to low-cost Armenian airline FlyOne Armenia without warning, the domestic Armenpress news agency cited the carrier's board chairman as saying. "For reasons incomprehensible to us and without any visible grounds, Turkish aviation authorities cancelled the permission previously granted to the FlyOne Armenia airline to operate flights to Europe through Turkish airspace," said Aram Ananyan, FlyOne's chairman. "Turkish aviation authorities implemented the cancellation without prior notification, putting our airline and our passengers in an uncomfortable situation." FlyOne Armenia, a subsidiary of Moldovan airline FlyOne, began operations in December 2021. In February 2023, Ananyan told Armenpress that the carrier had five Airbus aircraft and offered flights to 14 destinations in eight European and Middle Eastern nations.

☆ A divided Israel stands at a perilous crossroads on its 75th birthday
▼ + stars: | 2023-04-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +10 min

And weakens the pillars that hold our nation together,” Israel’s President Isaac Herzog warned this week in a speech to Jewish groups. The legislation has plunged Israel into the largest and longest protest movement in the country’s history. Frozen peace processBut as Israel celebrates 75 years since its founding with fanfare, Palestinians mark the same event with mourning. It was during the Jewish state’s creation that more than 700,000 Palestinians were forced to flee their homes in what is now Israel. “This is the end of the era of limited conflicts,” Gallant told reporters, according to the Times of Israel.

☆ More women describe having forced abortions in Nigerian Army programme
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +20 min

And both lost their pregnancies after they were taken into custody by Nigerian soldiers and given unidentified pills and injections. Nigerian military leaders previously have adamantly denied the existence of the abortion programme and the deliberate killing of unarmed children. We respect every living soul.”Asked about the military’s comments on the programme, Yau replied: “This happened to me, and they are denying it. After she was put into a room with three other pregnant women, Yau said, army personnel gave her pills and more injections. Reuters was unable to determine if this tally overlapped with others cited in its December story about the abortion programme.

☆ The Great Pacific Garbage Patch is now so huge and permanent that a coastal ecosystem is thriving on it
▼ + stars: | 2023-04-17 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +6 min

Haram and her colleagues examined 105 items of plastic fished out of the Great Pacific Garbage Patch between November 2018 and January 2019. Courtesy Linsey Haram/Smithsonian InstitutionCoastal aggregating anemones found on a black floating plastic fragment collected in the garbage patch. Oceans of plasticThe Great Pacific Garbage Patch, which is twice the size of Texas, is the largest accumulation of ocean plastic in the world. If you look up at night, you see all those white dots, that’s essentially what you see in the garbage patch. A bag of plastics and debris collected in the Great Pacific Garbage Patch is unloaded in Sausalito, California in July 2022.

☆ Take Five: How bad is it?
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +5 min

China and Britain release key economic data and officials from the Group of Seven nations talk climate goals. 1/ EARNINGS RECESSIONU.S. earnings season goes up a gear and the outlook is gloomy due to the regional banking crisis and the most aggressive monetary policy tightening in decades. Analysts expect Q1 S&P 500 earnings to fall 5.2% from the year-ago period, Refinitiv I/B/E/S data as of April 7 showed. In a sign of which way the authorities want lending rates to head, smaller regional banks have already cut deposit rates. China GDP vs 1-year MLF rate4/ NO ALARMS, NO SURPRISESIt's a big week for UK data, with February jobs figures on Tuesday and March inflation numbers Wednesday.

By Tuesday evening, Israeli Prime Minister Benjamin Netanyahu’s office announced it would prohibit non-Muslims from entering the holy site for the rest of Ramadan. “I see these visits as a raid on our holy site,” he said. That status quo is slowly being chipped away, says Sheikh Rani Abusibr, an Imam of nearly twenty-years at Al-Aqsa. There was a heightened security presence at the holy site when Easter, Ramadan, and Passover celebrations overlapped. Without the status quo arrangement being enforced, there are fears that an already tumultuous region could spiral out of control.

The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx Express overnight air delivery business was announced almost a year after activist investor D.E. FedEx Express is already handling FedEx Ground's pickup and deliveries in Alaska and Hawaii - fueling concerns that Ground contractors in the lower 48 states could be let go. John Smith will become president and CEO of U.S. and Canada ground operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground and FedEx Freight businesses from April 16. FedEx Freight will continue to provide freight transportation services as a standalone company under the Federal Express Corp banner, the company added. Shares in FedEx, which also announced a 10% dividend boost on Wednesday, were up about 2% in mid-morning trade.

☆ FedEx to fold operating divisions into one organization in cost-cutting push
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

FedEx had come under criticism from investors last year for its subpar performance compared to UPS, which has a unionized workforce. In response, FedEx outlined extensive plans to cut costs, including parking planes and reducing headcount. The phased transition announced Wednesday will ultimately bring FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies into Federal Express Corporation and will be headed by present Chief Executive Officer Raj Subramaniam, the company said. John Smith will become president and CEO of U.S. and Canada Ground Operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground and FedEx Freight businesses, effective April 16. FedEx Freight will continue to provide freight transportation services as a stand-alone company under the Federal Express Corp banner, the company added.

☆ Factbox: Where is Al Aqsa mosque and why is it so important in Islam?
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

April 5 (Reuters) - A Israeli police raid on Jerusalem's Al-Aqsa mosque on Wednesday has triggered a furious reaction from Palestinians across the occupied West Bank and the wider Arab and Muslim world. WHERE AND WHAT IS THE AL-AQSA MOSQUE? The Al-Aqsa compound has long been a flashpoint for deadly violence over matters of sovereignty and religion in Jerusalem. Under the longstanding "status quo" arrangement governing the area, which Israel says it maintains, non-Muslims can visit but only Muslims are allowed to worship in the mosque compound. Palestinians protested, and there were violent clashes that quickly escalated into the second Palestinian uprising, also known as the Al-Aqsa Intifada.

☆ Turkey's Erdogan condemns Israeli police raid on Al-Aqsa mosque
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

ISTANBUL, April 5 (Reuters) - Turkey's President Tayyip Erdogan on Wednesday condemned the Israeli police raid on Jerusalem's Al-Aqsa mosque, which led to clashes with worshippers, calling such acts in the mosque compound a "red line" for Turkey. The incident came during the Muslim holy month of Ramadan and on the eve of the Jewish Passover, stoking fears of further violence at the mosque compound, a flashpoint in the Israeli-Palestinian conflict. "The name of this is the politics of repression, the politics of blood, the politics of provocation. Turkey can never remain silent and unmoved in the face of these attacks," Erdogan said. "Putting a hand on al-Aqsa mosque and trampling on the sanctity of the Haram al-Sharif is a red line for us."

☆ Signs of pain as easy cash era ends are growing
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +5 min

LONDON, March 30 (Reuters) - The easy-cash era is over and markets are feeling the pinch from the sharpest jump in interest rate in decades. Since late 2021, big developed economies including the United States, euro area and Australia have raised rates by almost 3,300 basis points collectively. Japanese, European and U.S. banks stocks, while off recent lows, are still well below levels seen just before SVB's collapse. Reuters Graphics2/ DARLINGS NO MOREAs the SVB collapse showed, stress in the tech sector can quickly ripple out across the economy. Reuters Graphics4/ CRYPTO WINTERHaving benefited from an influx of cash during the easy-money era, cryptocurrencies have felt pain as rates rose last year, then gained on recent signs that tightening could end soon.

☆ Take Five: Everything Everywhere All at Once
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +5 min

Lender Credit Suisse will likely dominate a Swiss National Bank meeting and the Bank of England might place its inflation fight on hold. Some predict Credit Suisse could merge with peer UBS to rebuild Switzerland's reputation as a finance safe haven. Credit Suisse will also take centre stage when the SNB meets on Thursday. The Bank of England could be on the verge of wrapping up a 17-month campaign of raising rates to combat inflation. Labour market pressures - including wage inflation - are starting to soften.

☆ Take Five: A macro-packed punch for markets
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +5 min

1/ THE PRICE IS RIGHTU.S. inflation data have been pivot points for markets and Tuesday's report will likely be consequential as investors gauge whether the Federal Reserve will return to the jumbo-sized rate hikes that shook markets last year. The European Central Bank has raised rates by 3 percentage points since July to 2.5% and looks set for another half-point increase on Thursday. Austria's central bank chief Robert Holzmann wants half-point rises at each of the next four meetings. Riskier, more fragile emerging markets, especially those with twin deficits, could feel the heaviest punch if the Fed goes all the way to 6%. Emerging markets countries hiking (+) or cutting (-) their policy ratesCompiled by Amanda Cooper; Graphics by Pasit Kongkunakornkul, Kripa Jayaram and Vincent Flasseur; Edited by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ SVB collapse a sign of pain coming from end of easy-cash era
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +6 min

LONDON, March 10 (Reuters) - The easy-cash era is over and its impact is only just starting to felt by world markets yet to see the end of the sharpest interest rate hiking cycle in decades. European banks slid on Friday after JPMorgan (JPM.N) and BofA (BAC.N) shares fell over 5% on Thursday. BofA noted European banks' bond holdings have not grown since 2015. And with defaults rising, the focus is on the less visible private debt markets, which have ballooned to $1.4 trillion from $250 billion in 2010. Reuters Graphics5/FOR SALEReal estate markets started cracking last year and house prices will fall further this year.

In this article LUV Follow your favorite stocks CREATE FREE ACCOUNTGenaro Molina | Los Angeles Times | Getty ImagesWill the majority of travelers forgive Southwest Airlines and start buying tickets on the major U.S. air carrier again? Southwest Airlines accepted the blame for its technological meltdown during the holidays, and it has committed over $1 billion to fixing it. He pointed to $29 fare sales, "something I haven't seen Southwest offer in a long time," he said. The Southwest spokeswoman said the airline has a long history of innovation and pioneering technology in the airline industry. BALTIMORE, MD - DEC 27: Hundreds of passengers wait in line to handle their baggage claim issues with Southwest Airlines at Baltimore/Washington International Thurgood Marshall Airport in Baltimore, Maryland on December 27, 2022.

[1/3] A view of the destroyed village of Moshchun amid Russia's invasion, Kyiv region, Ukraine May 19, 2022. But before they can even begin to be answered, Kyiv is seeking billions just to ride out this year. After a 30% contraction in its economy in 2022, Ukraine will need $38 billion by the end of year to cover its budget deficit alone. "But to me, one of the surprises has been how the private sector has been so resilient." "Supporting Ukraine now is critical to avoid a devastating humanitarian crisis and to strengthen Ukraine for what it's doing for the rest of the world."

☆ End of easy-cash era is going to hurt
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +5 min

LONDON, Feb 1 (Reuters) - The end of the easy-cash era is over and its impact yet to be felt on world markets, hopeful that the pain of aggressive rate hikes and high inflation has passed. Reuters Graphics3/ GOING PRIVATEPrivate debt markets have ballooned since the financial crisis to $1.4 trillion from $250 billion in 2010. Reuters Graphics Reuters Graphics4/CRYPTO WINTERRising borrowing costs roiled crypto markets in 2022. Reuters Graphics5/FOR SALEReal estate markets, first responders to rate hikes, started cracking last year and 2023 will be tough with U.S. house prices expected to drop 12%. How the sector services its debt is in focus and officials warn European banks risk significant profit hits from sliding house prices.

☆ Blinken to visit Middle East amid heightened tensions between Israelis and Palestinians
▼ + stars: | 2023-01-26 | by ( Simon Lewis | ) www.reuters.com time to read: +2 min

[1/2] U.S. Secretary of State Antony Blinken delivers remarks during a visit to NASA headquarters with Japan’s Prime Minister Fumio Kishida and other U.S. and Japanese officials (not pictured) in Washington, U.S., January 13, 2023. REUTERS/Leah Millis/File PhotoWASHINGTON, Jan 26 (Reuters) - U.S. Secretary of State Antony Blinken will travel to Egypt, Israel and the West Bank from Sunday to Tuesday to discuss heightened tensions between Israelis and Palestinians as well as the war in Ukraine with regional leaders, the State Department said. The decades-old status quo allows only Muslim worship at the compound, a site also revered by Jews. While Israel has condemned the Russian invasion of Ukraine, it has limited its assistance to Kyiv to humanitarian aid and protective gear. Reporting by Simon Lewis; additional reporting by Doina Chiacu; Editing by Chizu Nomiyama and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ 31-year-old started suffering stomachaches after a monthslong job search—how she managed her anxiety
▼ + stars: | 2023-01-17 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

As her graduation date approached, Haram began applying for jobs early, even before her program ended in May 2022. As the seasons went by, however, and she still wasn't getting any offers, major anxiety began to set in. And with all of the waiting, hoping and various unknowns, the job seeking process is nothing if not uncertain. Here's how she quelled her nerves and why Cassine believes these are useful tactics for anyone else dealing with anxiety. And in enabling other people to feel that way, Haram was able to feel seen, heard and valued herself.

☆ Take Five: Much to say in Tokyo (and Davos)
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +5 min

U.S. earnings and retail sales numbers, a slew of China data and inflation readings elsewhere mean there's plenty to mull over. Recent data showed Tokyo inflation at double the central bank's target. Reuters Graphics Reuters Graphics3/ HOPE AND FEARU.S. retail sales data and more earnings reports are on tap. Before then comes December's data deluge, with industrial output (CNIO=ECI), retail sales (CNRSL=ECI) and Q4 economic growth data (CNGDP=ECI) lining up to be ugly. Economists expect retail sales to have dropped 7.8% for a fourth straight monthly decline and for annual growth to finish up at a meagre 1.8%.

WASHINGTON/CHICAGO, Jan 12 (Reuters) - U.S. airline operations returned to normal on Thursday even as the Federal Aviation Administration (FAA) continues to investigate pinpoint the cause of a computer outage that grounded flights nationally and to prevent it from happening again. "FAA operations are back to normal, and we are seeing no unusual delays or cancellations this morning," the FAA said in a tweet. More than 11,300 flights were delayed or canceled on Wednesday in the first national grounding of domestic traffic in about two decades. As of noon Thursday, 1,400 U.S. flights were delayed and 117 were canceled, according to FlightAware, a typical aviation day given current weather issues. Major carriers Delta Air Lines (DAL.N), United Airlines (UAL.O), American Airlines Group Inc (AAL.O) and Southwest Airlines (LUV.N) all were reporting normal operations on Thursday.

☆ In Nigeria's long war, a young woman is brutalised by both sides
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +16 min

It was a pleasant evening in the summer of 2014, in her Nigerian village near the Cameroon border. Reuters could not reach representatives of Boko Haram or its offshoot, Islamic State West Africa Province, for comment. But by October 2014, the militants were enforcing extreme sharia law in her village, Aisha said. Boko Haram men often came looking for them, knocking on their door and forcing them to hide. But she did not believe she could do so with Bana, as boys were particularly valued in the Boko Haram community.

☆ China leaves lending benchmarks unchanged for 3rd straight month in Nov
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI, Nov 21 (Reuters) - China kept its benchmark lending rates unchanged for the third straight month on Monday, as a weaker yuan and persistent capital outflows continued to limit Beijing's ability to ease monetary conditions to support the economy. As expected, the one-year loan prime rate (LPR) was kept at 3.65%, while the five-year LPR was unchanged at 4.30%. The latest official data showed that overseas investors had sold their holdings of China's onshore bonds for a ninth straight month in October, the longest streak of outflows on record. "We think there's probability to lower the 5-year LPR in December due to the downturn in the property market," said Xing Zhaopeng, senior China strategist at ANZ. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

☆ Canada's Ritchie Bros to buy U.S. damaged vehicle platform IAA in $7.3 bln deal
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Canadian equipment marketplace Ritchie Bros Auctioneers Inc (RBA.TO) said on Monday it would buy U.S.-based IAA Inc (IAA.N) in a cash-and-stock deal valued at about $7.3 billion including debt. The deal for IAA, which trades in damaged vehicles, will help Ritchie Bros expand its scope and footprint across the United States, Canada and Europe. Ritchie Bros currently specializes in online auctions for used equipments for construction to drilling and mining. Under the terms of the deal, IAA stockholders will get $10 in cash and 0.5804 shares of Ritchie Bros common stock for each IAA share held, the companies said. Ritchie Bros stockholders will own about 59% of the combined company once the deal closes.

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