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[1/3] Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. The services component sank to 48.3 from 50.9, its first time below the 50 mark that separates growth from contraction this year. The single currency weakened after the German data, hitting its lowest level against the dollar since June 15 at $1.0805. "The decline in services activity was a sharp move and we've seen a soft euro environment," said Niels Christensen, chief analyst at Nordea. The spot yuan opened at 7.2870 per dollar on Wednesday and was last changing hands at 7.2899.
Persons: Antonio Bronic, Niels Christensen, Martin Beck, Jerome Powell's, Powell, Nordea's Christensen, Colin Asher, Samuel Indyk, Ankur Banerjee, Kim Coghill, Mark Potter, Chizu Organizations: Croatian National Bank, REUTERS, P, European Central Bank, PMI, Bank of England, Reuters, Federal, Japan's Ministry of Finance, Mizuho, Thomson Locations: Zagreb, Croatia, Britain, July's, U.S, Europe, tenterhooks, Tokyo, London, Singapore
"It may just be lucky that a global demand slump or non-policy related domestic forces are driving inflation lower." This disconnect led the German central bank to issue a warning to peers this week that a tough task may still lie ahead for policymakers. "The impression took hold that inflation rates will nonetheless persist for longer above the rates targeted by central banks," the Bundesbank said. Indeed, longer-term inflation expectations for the U.S. and the euro zone remain above the banks' 2% targets. But even in the best case, weaker growth will reduce demand for imports and complicate the global outlook.
Persons: JACKSON, Steve Englander, Piet Haines Christiansen, Philip Lane, Lane, Niels Graham, Julian Evans, Pritchard, Balazs Koranyi, Dan Burns, Toby Chopra Organizations: Standard Chartered, The Bank of England, ECB, Reserve Bank of Australia, Reserve Bank of New, Danske Bank, U.S, People's Bank of, Atlantic Council, Capital Economic, Thomson Locations: , Wyoming, Jackson Hole , Wyoming, Britain, Australia, New Zealand, German, Europe, Reserve Bank of New Zealand, Jackson, People's Bank of China, China
REUTERS/Dado Ruvic/IllustrationLONDON, Aug 3 (Reuters) - The dollar scaled a four-week peak against major peers on Thursday after upbeat labour market data a day earlier, while sterling edged lower ahead of an expected rate hike from the Bank of England. "Rate differentials continue to move in favour of the dollar as U.S. rates have been firmer than European rates," Christensen added. Against a stronger dollar, sterling fell 0.1% to $1.27. "An outside bet of a 50-basis-point hike would be a surprise and would lead to a stronger pound," Christensen added. "The U.S. dollar actually strengthened against most other currencies (and) there were risk-aversion trades across all the asset classes."
Persons: Dado Ruvic, Niels Christensen, Christensen, nonfarm, Fitch, BOE, Nordea's Christensen, Tina Teng, Samuel Indyk, Rae Wee, Shri Navaratnam, Nick Macfie Organizations: REUTERS, Bank of England, U.S . Treasury, Treasury, Bank of Japan, New Zealand, CMC Markets, U.S, Thomson Locations: U.S, Asia, Beijing
Manhattan Project: After a harrowing escape from Nazi-occupied Denmark in 1943, Bohr began consulting on the Manhattan Project. Manhattan Project: Between 1943 and 1944, Muller was a civilian advisor for the Manhattan Project, consulting on experiments studying the effects of radiation. Maria Goeppert Mayer, Nobel Prize in Physics, 1963Maria Goeppert Mayer worked on the Manhattan Project and later won the Nobel Prize in physics. Manhattan Project: Working as an assistant to his father, Niels Bohr, Aage Bohr proved instrumental in interpreting for some members of the Manhattan Project. Manhattan Project: At 18, Glauber was still a student at Harvard when he became one of the youngest scientists to join the Manhattan Project.
Persons: Robert Oppenheimer, Alfred Nobel, Joseph Rotblat, Albert Einstein, Christopher Nolan's, Oppenheimer, Niels Bohr, Bohr, Nicholas Baker, Nick, James Franck, Boyer, Roger Viollet, Gustav Ludwig Hertz, Niels Bohr's, Franck, Arthur Compton, Imagno, Compton, Harold Urey, Harold, Urey, James Chadwick, Chadwick, Enrico Fermi, Fermi, Ernest Lawrence, Lawrence, Isidor Isaac Rabi, Nancy R, Schiff, Rabi, Hermann Muller, Muller, Edwin McMillan, Bettmann, Glenn Seaborg, McMillan, Elsie McMillan, Seaborg, Felix Bloch, Edward Purcell, Nobel, Hans Bethe, Bloch, Purcell, Emilio Segrè, Owen Chamberlain, Chamberlain, Segrè, Willard Libby, Leona Libby, Lowell, Libby, Linus Pauling, Leona Woods Marshall Libby, Eugene Wigner, Wigner, Leo Szilard's, Einstein, Franklin D, Roosevelt, Maria Goeppert Mayer, J, Hans Jensen, Goeppert Mayer, Teller, Richard Feynman, Tomonaga, Julian Schwinger, Fenynman, Hans Bethe's, Feynmwan, Feynman, Schwinger, Robert Mulliken, Mulliken, Szilard, Hans A, Bethe, Luis Alvarez, Alvarez, Enola Gay, Walter Alvarez, James Rainwater, Aage Bohr, Ben Mottelson, Rainwater, Wu, Aage Niels Bohr, Mottelson, mumbled, Val Fitch, James Cronin, Fitch, Jerome Karle, Isabelle, Larry Morris, Herbert Hauptman, Karle, Isabella Karle, Norman Ramsey, Ellie Welch, Ramsey, Norman Ramsey's Nobel, David Cheskin, Rotblat, Russell, Bertrand Russell, Enstinen, Frederick Reines, Philippe Caron, Sygma, Reines, Roy Glauber, Gail Oskin, Glauber Organizations: Manhattan Project, Service, Manhattan, US Army, AP, Getty, University of Chicago's Metallurgical Laboratory, Chicago Met, Los Angeles Examiner, USC, Columbia, Keystone, Gamma, Columbia University, University of Chicago, Trinity Test, University of California, Lawrence Berkeley National Laboratory, Lawrence Livermore National Laboratory, Hulton, Trinity, Deutsch, Los Alamos, University of Chicago's Metallurgical, Atomic Energy Commission, Harvard University, MIT Rad Lab, Denver, Chicago Met Lab, Materials Laboratory, Los, Radiation Laboratory, MIT, University of Chicago's, Princeton University, Naval Research Lab, Washington, US Naval Research Laboratory, Science, World Affairs, Einstein, Los Alamos National Laboratory, Harvard, Institute for Locations: Wall, Silicon, Polish, Denmark, Copenhagen, Nazi, London , Washington, Los Alamos, German, Germany, Japan, Manhattan, British, France, Washington, DC, Berkeley, Ridge , Tennessee, Los, New Mexico, Hanford, antiprotons, Hiroshima, Lowell Georgia, San Diego, Chicago, Washington ,
J. Robert Oppenheimer was an immensely complex figure, and the movie's based on a biography of him. Fact: Oppenheimer mocked Strauss about isotopesJ. Robert Oppenheimer testifies before the Senate in October 1945. Fact: A big thunderstorm delayed the Trinity TestOppenheimer (Cillian Murphy) stands next to the test bomb in "Oppenheimer." If it weren't for the atomic bomb, Oppenheimer would likely be best known for bolstering theoretical physics at the University of California, Berkeley. Fiction: Oppenheimer consulted Einstein about Teller's calculations(L-R) Tom Conti as Albert Einstein and Cillian Murphy as J. Robert Oppenheimer in "Oppenheimer."
Persons: Christopher Nolan's, Oppenheimer, Robert Oppenheimer, J, Alex Wellerstein, Kai Bird, Martin Sherwin, Wellerstein, Niels Bohr wasn't, Patrick Blackett, Bird, Sherwin, Blackett, Niels Bohr, Ernest Rutherford, Bohr, Oppenheimer's, Cillian Murphy, Abraham Pais, Baudelaire, e.e, cummings, who's, Haakon Chevalier, Peter, Peter Oppenheimer, Kitty, Haakon, Barbara Chevalier, Robert, Perro, Werner Heisenberg, peppering Bohr, Heisenberg, Strauss, David Hill, Lewis Strauss, Dwight D, David Inglis, Inglis, I've, Arthur Compton, Trinity Test Oppenheimer, Jack Hubbard, Leslie Groves, Hubbard, Feynman, Richard Feynman, I'm, Groves, Robert Serber, David Bohm, Philip Morrison, Willis Lamb, Hitler, Hartland Snyder, Kip Thorne, John Wheeler, Roger Penrose, Penrose, Murphy, Trinity, there's, , Karl T, Compton, Stimson, Henry Stimson, that's, Harry Truman, Wallenstein, Einstein, Tom Conti, Albert Einstein, Melinda Sue Gordon, Edward Teller, Hans Bethe, Enrico Fermi, Bethe, Roger Robb, He's, Teller, Stanislaw Ulam, Gordon Dean, Charlotte Serber, Charlotte Serber's, she's, Serber Organizations: Service, Manhattan Project's Los Alamos Laboratory, Stevens Institute of Technology, Cambridge, Eisenhower's, Federation of American Scientists, Time, Atomic Energy Committee, Trinity Test, Trinity, Los, University of California, Clovis, National Security Research, Manhattan Project . National Security Research, FBI Locations: Wall, Silicon, England, Leiden, Holland, New Mexico, Perro Caliente, Los Pinos , New Mexico, Germany, Nazi, Denmark, Sweden, Los Alamos, Europe, Berkeley, Poland, Amarillo , Texas, Japan, Kyoto, Alamos
As inflation stays high around the world, some are increasingly blaming high corporate profits. An IMF working paper found that corporate profits account for nearly 45% of European inflation. Inflation is not solely caused by soaring profits, but the working paper finds that profits rising well above pre-pandemic trends have made their mark on European inflation. And Europe might be worse off than the US when it comes to so-called "greedflation," as inflation in the states cools off and profits play increasingly less of a role in keeping costs high. The IMF analysis finds that profits are ultimately playing a larger role in European inflation than in the US and Canada.
Persons: , hasn't, Niels, Jakob Hansen, Frederik Toscani, Jing Zhou, Noah Sheidlower, Chris Becker Organizations: Service, International Monetary Fund Locations: IMF, Europe, Canada
Monetary policy meetings of the Fed, the European Central Bank (ECB) and the Bank of Japan (BOJ) will set the tone for the week as markets seek clues from policymakers on the future path of interest rates. U.S. May inflation data is also out on Tuesday as the Fed kicks off its two-day meeting. "We are pretty much with consensus, expecting the Fed to stay put this week and a 25 basis point hike from the ECB," Nordea's Christensen said. The U.S. dollar index clocked a loss of nearly 0.5% last week, its worst weekly drop since mid-April, and was last down 0.1% at 103.43. The euro rose 0.2% to $1.0768, having risen 0.4% last week, its first weekly gain in roughly a month.
Persons: Niels Christensen, Nordea's Christensen, " Christensen, Goldman Sachs, Samuel Indyk, Rae Wee, Simon Cameron, Moore, Angus MacSwan Organizations: Federal Reserve, European Central Bank, Bank of Japan, Fed, ECB, Reuters, U.S, Reserve Bank of New, People's Bank of, Thomson Locations: Reserve Bank of New Zealand, Australia, People's Bank of China
CNN —Throughout her storied career, triathlete and Paralympian Marieke Vervoort captured the imagination of her native Belgium and the wider world. … The fact that that had given her so much mental liberation and spiritual liberation, I thought, was a fantastic story,” Rapaport told CNN Sport. “If I didn’t have the papers, I think I would have already committed suicide,” Vervoort told reporters in 2016. And in this case, having control over decision-making about the end of your life,” Rapaport explained. Vervoort died in October 2019.
May 9 (Reuters) - GlobalFoundries Inc (GFS.O) projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending its shares down nearly 5% in premarket trading. GlobalFoundries forecast second-quarter revenue between $1.81 billion and $1.85 billion, the midpoint of which was slightly lower than estimates of $1.85 billion, according to Refinitiv. GlobalFoundries' revenue came in at $1.84 billion for the quarter ended March 31, beating analysts' estimates of $1.83 billion, according to Refinitiv. GlobalFoundries reported an adjusted profit of 52 cents per share, exceeding Wall Street estimates of 49 cents per share. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Bank must step up to tackle global challenges, Niels Annen saysNiels Annen, parliamentary state secretary for economic cooperation and development in Germany, discusses potential World Bank reform to boost its ability to tackle challenges such as the climate crisis.
"It cannot be that financial institutions are doing well because they treat their customers badly," Chan-Jae Yoo, a BaFin official, said in an interview. Deutsche Kreditwirtschaft, an umbrella organisation that lobbies for German finance, said German banks are "extremely stable and robust" and confidence remains "high" and "unaffected" by recent turmoil stemming from the collapse of lenders in the United States and Switzerland. "The mere fact that consumers are increasingly asking us and seeking our advice is proof enough that they do not fully trust financial institutions," he said. Protections and rights for customers of financial institutions have come under increased scrutiny from regulators and the German courts. "We want services to establish themselves in the marketplace that meet consumer needs, not feed the financial industry," he said.
EU strikes deal to curb energy use by 2030
  + stars: | 2023-03-10 | by ( ) www.reuters.com   time to read: +2 min
BRUSSELS, March 10 (Reuters) - The European Union struck a deal on Friday to cut final energy consumption across the bloc by 11.7% by 2030, a goal lawmakers said would help fight climate change and curb Europe's use of Russian fossil fuels. The deal was agreed after all-night talks between negotiators from EU countries and the European Parliament. The 11.7% goal was a compromise between the EU Parliament, which had wanted a far higher goal of 14%, and some EU countries who wanted to stick to the original 9% aim. From 2024 to 2030, countries will have to save an average of 1.49% of final energy consumption per year. The deal will now go to the European Parliament and EU countries for a final vote - which is usually a formality that approves the law with no changes.
HONG KONG, March 9 (Reuters Breakingviews) - European financial centres are rolling out the red carpet for Chinese companies. Its free-float market capitalisation of $1.9 trillion is just a tenth of the New York Stock Exchange, January data from the World Federation of Exchanges show. Yet as tensions between Washington and Beijing rise and Chinese companies in New York face the threat of delisting, traditionally neutral Zurich has become an attractive alternative. That removes the risk that overseas regulators will demand access to mainland companies’ books - the source of a lengthy spat between the U.S. Public Company Accounting Oversight Board and Beijing. Deutsche Börse (DB1Gn.DE), which operates Frankfurt’s stock exchange, is technically ready to launch the China-Germany Stock Connect, board representative Niels Tomm said in November.
COPENHAGEN, March 7 (Reuters) - Toymaker Lego said store openings in China and strong demand in Western Europe and the Americas had delivered 17% sales growth in 2022, adding that it expects to outpace the market this year. Lego plans to open another 145 stores this year, mostly in China, which Christiansen said in an interview he expects will help it to grow sales by a high single-digit percentage. "After a few extraordinary years we may see a return to more normal growth," Christiansen said. "High growth in sales has helped us compensate for those extra costs on freight, energy and raw materials," he said. As part of its strategy of placing production close to its key markets, Lego plans to begin operating new factories in Vietnam and Virginia, U.S. in 2024 and 2025, respectively.
Lego sales are building on pandemic-era growth, boosted by a diverse slate of products that cater to kids and adults alike. Another factor in offsetting those costs was strong demand for Lego's eclectic selection of building sets, CEO Niels Christiansen told CNBC. "It's not price increases driving it, if anything it's people buying some of the bigger and more complicated sets. Around 48% of Lego's 2022 portfolio was in the new product category, he said. While it doesn't share the percentage breakdown between digital and in-store sales, Christiansen said Lego is seeing "good traction" online and its brick and mortar sales continue to fuel its confidence in opening new stores.
Dollar slides, yuan gains on China PMI; hot inflation lifts euro
  + stars: | 2023-03-01 | by ( ) www.cnbc.com   time to read: +3 min
Yen, euro and U.S. dollar banknotes of various denominations. Meanwhile, inflation data from five German states was largely unchanged in the high single digits in February, pointing to no let-up in stubborn price pressures at the national level. Preliminary pan-German inflation data is to be published at 1300 GMT, calculated using data from up to 16 German states. "The euro is being well supported by the inflation data," Nordea's Christensen said. "We're looking for a more solid euro area inflation reading tomorrow than we had expected going into this week."
Dollar gains as central banks take central stage
  + stars: | 2023-01-30 | by ( Karen Brettell | ) www.reuters.com   time to read: +3 min
The U.S. central bank is widely expected to hike interest rates by an additional 25 basis points this week, and investors will be watching for any new indications on how many more rate increases are likely. The question now is "does the dollar bounce or is this a nesting pattern before the next leg down," Chandler said. The euro fell 0.22% to $1.0844, erasing earlier gains after Spain's consumer prices rose 5.8% on a year-on-year basis in January, the first increase in six months. The dollar rose 0.57% against the Japanese yen to 130.53 . The BoE and ECB are both expected to raise rates by 50 basis points each this week.
PREVIEWDave Edwards, the chief executive at Greenville-Spartanburg, said just over a decade ago his airport had no international air cargo operations. BMW today accounts for about a quarter of Greenville-Spartanburg’s roughly 15 international cargo flights a week. Air cargo volumes fell through most of last year as manufacturers and retailers pulled back on orders because of slowing consumer spending. Rockford, about 70 miles from Chicago O’Hare International Airport, has become one of the most successful regional airports for cargo. It is a hub for United Parcel Service Inc. and has attracted air operations for companies including Amazon.com Inc., DSV and A.P.
"As long as the Fed see a stronger labour market, they don't have a big concern about tightening," Christensen said. The dollar index , which measures the greenback against six major peers, was down 0.2% at 105.75, after sliding 1.1% on Wednesday. The euro held onto gains after the account of the European Central Bank's October meeting showed policymakers feared that inflation may be getting entrenched, justifying their outlook for further rate hikes. Meanwhile, billionaire investor Bill Ackman said he's betting the Hong Kong dollar will fall and that its peg to the U.S. dollar could break. The Japanese yen was one of the strongest gainers among major currencies, climbing 0.9% against the dollar to 138.285.
LONDON, Nov 24 (Reuters) - The U.S. dollar held onto losses on Thursday after the minutes from the Federal Reserve's November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting. "As long as the Fed see a stronger labour market, they don't have a big concern about tightening," Christensen said. The dollar index , which measures the greenback against six major peers, was little changed at 105.93, after sliding 1.1% on Wednesday. The euro was up 0.3% against the Swedish krone after Sweden's Riksbank raised rates by 75 basis points, in line with expectations in a Reuters poll. The Japanese yen was one of the strongest gainers among major currencies against the dollar, climbing 0.6% to 138.77.
FRANKFURT, Oct 24 (Reuters) - A German consumer group said on Monday it is suing Deutsche Bank's (DBKGn.DE) asset management unit DWS (DWSG.DE) for allegedly misrepresenting a fund's green credentials in marketing materials. DWS, which has repeatedly denied it misled investors, rejects the allegations by the consumer group, which represents consumers in the state of Baden-Wuerttemberg. The group said it filed a suit against DWS on Sept. 26 in a Frankfurt court, which has set a hearing for March 10. The lawsuit against DWS is one of several filed by the consumer group against financial firms for allegedly overstating their green credentials. Asoka Woehrmann resigned as chief executive of DWS in June after German prosecutors raided the offices of DWS and Deutsche Bank in Frankfurt over allegations of greenwashing and misleading investments.
Lego Star Wars toys sit on display inside a Toys "R" Us Inc. store in Paramus, New Jersey, U.S., on Tuesday, Nov. 26, 2019. Lego sales are building on pandemic-era growth, boosted by popular sets from Lego Star Wars and Lego Harry Potter. On Wednesday, the privately held Danish toymaker said revenue during the first six months of the year jumped 17%, reaching $27 billion Danish krone, or about $3.5 billion. In addition to top-selling Star Wars and Harry Potter models, Lego has seen strong performance in its homegrown Lego Technic and Lego City. Net profit between January and June 30 reached $6.2 billion Danish krone, or about $802 million, essentially in line with year-earlier levels.
How to Shop for an Ergonomic Office Chair
  + stars: | 2022-06-05 | by ( ) www.wsj.com   time to read: +11 min
Not only does it come in three sizes, but it is also exceptionally adjustable (think seat height, seat tilt, lumbar support and armrests). It’s an especially chic white ergonomic office chair option, but if you’re not loving the leatherette, spring for Italian leather instead (about $200 more). So Via, a Las Vegas-based manufacturer of commercial office furniture, introduced a handful of their made-in-the-U.S. ergonomic chairs to the home market. “It has been the greatest decision,” the designer says of her Herman Miller ergonomic chair. In a perfect world, you’ll find an ergonomic chair with adjustable armrests, but your desk can provide that arm support too.
O poveste romantică, nebunatică, în care două spirite rătăcite se află pe sine și își acceptă limitele. E o poveste ușoară, pe alocuri zburătoare, îndesată cu glume de tot soiul. O rezolvare modestă, un sfârșit previzibil și o atmosferă plăcută. Deși lasă de dorit, totuși e un film autentic, care merită atenție, îți trezește emoții și îți dă de gândit. O poveste în care vinul orbește asemenea unei comori blestemate și ademenește spre o cale greșită.
Persons: Miles, Paul Giamatti, Jack, Thomas, Alexander Payne, Schmidt, Steven Spurrier, Alan Rickman, Jim Barret, Bill Pullman, Jim, Bo, Chris Pine, Gustavo, Freddy Rodríguez, Sir Ridley Scott, Russell Crowe, Albert Finney, Marion Cotillard, Max Skinner, Henry, Max, Paul, Marseul, Niels Arestrup, Martin, Francois, Philip, Mussolini, Stanley Kramer, Anthony Quinn, Rudy Organizations: Prime, HBO GO Locations: Californiei, Paris, California, Franța, Saint, Italia, Santa Vittoria, Bombolini
O mulţime de oameni aşteaptă sâmbătă, la Mormântul lui Iisus Hristos, venirea Luminii Sfinte, considerată cea mai evidentă dintre minunile creştine care se petrec în Biserica Ortodoxă. O delegaţie a Patriarhiei Române se află la Ierusalim pentru a aduce în România Lumina Sfântă de la biserica Sfântului Mormânt. După ce Lumina Sfântă a coborât în Mormântul Sfânt, patriarhul o oferă tuturor celor prezenţi. De acolo merg încet prin întuneric spre cealaltă încăpere a Mormântului, unde a fost pus Trupul lui Iisus. Din miezul pietrei pe care a stat Trupul lui Hristos o Lumină nedefinită iese înspre afară.
Persons: Iisus Hristos, Patriarhul Ierusalimului îşi, Patriarhul, Anăstăsoaie, Patriarhul Diodor I, Niels Christian Hvidt, Iisus, Hristos, El, Mormânt, Diodor Organizations: Luminii Sfinte, Române, Sfântului Mormânt, Luminii, Mormânt, Patriarhiei Române Locations: Ierusalim, România, Chișinău, Otopeni
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