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Investors reeled in their expectations for global central bank rate hikes, and bank stocks tumbled once again. Reuters GraphicsIn the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up on Monday, as did other indicators of credit risk in the euro zone. The gap between two-year euro swap rates and two-year German bond yields , widened by around 20 basis points to 83 basis points, to the highest since Nov. 11. Reuters GraphicsIn Germany, two-year bond yields dropped more than 50 basis points, much more than a drop of 37 basis points on swap rates. Back in late 2008, when failed investment bank Lehman Brothers collapsed, this swap rate went as negative as 300 bps.

Investors reeled in their expectations for global central bank rate hikes, and bank stocks tumbled once again. Reuters GraphicsIn the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up on Monday, as did other indicators of credit risk in the euro zone. The gap between two-year euro swap rates and two-year German bond yields , widened by around 20 basis points to 83 basis points, to the highest since Nov. 11. Reuters GraphicsIn Germany, two-year bond yields were last down over 40 basis points, much more than a drop of 24 basis points on swap rates. Back in late 2008, when failed investment bank Lehman Brothers collapsed, this swap rate went as negative as 300 bps.

☆ Nicaraguan Catholic bishop sentenced to prison, stripped of citizenship
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +1 min

[1/2] Rolando Alvarez, bishop of the Diocese of Matagalpa and Esteli and critical of the Nicaraguan President Daniel Ortega, prays at a Catholic church where he is taking refuge alleging he had been targeted by the police, in Managua, Nicaragua May 20, 2022. REUTERS/Maynor ValenzuelaMANAGUA, Feb 10 (Reuters) - A Nicaraguan court sentenced Catholic Bishop Rolando Alvarez to a more than 26-year prison term on Friday, a day after the cleric and critic of President Daniel Ortega declined to be expelled to the United States as part of a prisoner release. Alvarez was convicted on charges of undermining national integrity and spreading false news, and during Friday's court hearing it was also announced that he would be fined and stripped of his Nicaraguan citizenship. Last August, police arrested Alvarez, bishop of the Matagalpa diocese, after dislodging him after he had barricaded himself in church property for several weeks along with other priests. Reporting by Ismael Lopez; Writing by David Alire Garcia; Editing by Anthony EspositoOur Standards: The Thomson Reuters Trust Principles.

☆ Nicaraguan Catholic bishop sentenced to decades in prison, citizenship stripped
▼ + stars: | 2023-02-11 | by ( Ismael Lopez | ) www.reuters.com time to read: +3 min

Alvarez, bishop of the Matagalpa diocese, was convicted of treason, undermining national integrity and spreading false news, among other charges. During Friday's court hearing it was also announced that he would be fined and stripped of his Nicaraguan citizenship. Originally scheduled for late March, the sentencing of the bishop, widely known by the Catholic honorific monsignor, was sped up without explanation. Rolando Alvarez is irrational and out of control," Silvio Baez, a senior Nicaraguan bishop exiled in Miami, wrote on Twitter after the sentence. A cameraman for a Catholic television channel was also arrested with them.

[1/2] Men walk past an electric board displaying Nikkei and other countries' indexes outside a brokerage in Tokyo, Japan January 16, 2023. After $14 trillion was wiped off world shares in 2022, $4 trillion has been added back this month. "Markets are in this Goldilocks-scenario of OK growth, slowing inflation and softer monetary policy," said Richard Dias, founder of London-based investment consultancy Acorn Macro. Major central banks have added almost 3,000 basis points to global borrowing costs in this tightening cycle to date. "We've had a monumental rally in government bonds based on expectations we've reached the peak in interest rates," he said.

☆ Chile investigates hepatitis A-tainted raspberries recalled in U.S.
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

SANTIAGO, Dec 6 (Reuters) - Chile's government launched an investigation on Tuesday after raspberries from a Chilean company were recalled in the United States due to hepatitis A contamination. U.S. Food and Drug Administration (FDA) testing found the presence of hepatitis A in James Farm brand frozen raspberries from the South American country, a major exporter of raspberries, blueberries, grapes and cherries. "The Agricultural and Livestock Service (SAG) has learned of these facts and has ordered an audit of the company," SAG Director Andrea Collado told Reuters, adding that the investigation could lead to a sanctions. The FDA said there have been no reports of illnesses or adverse reactions related to the fruits. Reporting by Fabian Andrés Cambero; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ France reaches World Cup quarterfinals with 3-1 victory over Poland as Kylian Mbappé breaks Pelé’s record
▼ + stars: | 2022-12-04 | by ( Matias Grez | ) edition.cnn.com time to read: +30 min

CNN —France was made to work hard for its place in the World Cup quarterfinals, overcoming an improved Poland side 3-1 thanks to goals from Olivier Giroud and Kylian Mbappé. That is Mbappé’s fifth goal of Qatar 2022 and already his ninth World Cup goal overall, breaking Pelé’s record of seven World Cup goals scored before the age of 24. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Issei Kato/Reuters Kylian Mbappé scores his second goal on November 26, leading France to a 2-1 victory over Denmark. Mbappé was one of the leading stars of the team's World Cup triumph four years ago.

☆ An executive assistant at $53 billion Atlassian calls out people who underestimate her job: 'Almost no one sees the skill that's involved'
▼ + stars: | 2022-11-14 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

Kristine Valenzuela is the executive assistant of Atlassian's head of engineering, Mike Tria. She said on a recent podcast that she constantly has to prove her leadership skills as an assistant. Making an executive's life easier or "just getting stuff done," Valenzuela said — "almost no one sees the skill that's involved in doing that every day." "Internally, not enough people are elevating our value within the leadership team," she said. She makes her expertise known to othersSharing your broad range of knowledge across the business is another way to show your value as an executive assistant.

☆ How to return to your old employer so you can make more money and advance your career
▼ + stars: | 2022-10-28 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

Angela Champ, an HR executive and the author of "The Squiggly Line Career," has told people that returning to an old employer can be a good career move. "When you come back, you bring that richness of what you've learned and that growth that you've had," Champ said. After all, returning employees are familiar with the organization's overall missions and workflows. Champ said that returning employees who had done more complex work at another employer might get a promotion as well. Returning can open new career opportunitiesIf you're not entirely satisfied with your current job, returning to your old professional stomping grounds — a common move at Microsoft and Amazon — could be helpful.

☆ ‘Chinese chorizo’ honors fusion of two cultures in Arizona
▼ + stars: | 2022-10-21 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

It’s a history that older Tucson Chinese residents say they have spent years trying to make more visible. To promote the endeavor, she organized the inaugural Tucson Chinese Chorizo Festival. The 15,000-square-foot Tucson Chinese Cultural Center is a bustling hub that’s part community center and part museum, and serves at least 5,000. On the walls are display boards with mini-profiles of long-gone Chinese grocery stores. The center also has a YouTube channel that includes a 2014 video on Chinese chorizo.

☆ U.S. sanctions logistics allies of Mexico's Sinaloa Cartel
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 19 (Reuters) - The U.S. Treasury Department on Wednesday sanctioned individuals linked to Mexico's powerful Sinaloa drug cartel, days after bilateral security talks aimed at cracking down on trafficking of fentanyl and other contraband. Register now for FREE unlimited access to Reuters.com RegisterIt said all individuals named were currently fugitives from U.S. federal drug trafficking indictments. "Starving this network of resources will help deprive the Sinaloa Cartel of critical support it needs." Two Valenzuela siblings were detained in recent years, leaving Juan Francisco as the last sibling involved in the Valenzuela Mexican trafficking operations, the Treasury noted. All Valenzuela's property and assets in the United States have now been frozen.

WHAT HAPPENS NOW TO VENEZUELANS IN TRANSIT TO THE UNITED STATES? Those in transit may attempt to reach the United States despite the near certainty that they will be sent back to Mexico. It is unclear where Venezuelans waiting in Mexico will stay, as Mexico's migrant shelter system is often overwhelmed. Then in 2014, Venezuela's economy buckled as global oil prices tumbled, and living conditions further deteriorated as stringent price controls created widespread shortages. Remittances to Venezuelans from relatives in the United States or elsewhere help but are insufficient for most.

“He was always on, always.”Jarrín, now 86, is set to retire as the Dodgers’ Spanish-language broadcaster this year. Jaime Jarrín threw out the first pitch to mark his last year on the job on April 14 at Dodger Stadium in Los Angeles. Jarrín was scheduled to retire on Jaime Jarrín Day, on Oct. 1, when the Dodgers played the Colorado Rockies at home. Jaime Jarrín waves to the crowd during his final regular season game at Dodger Stadium, in Los Angeles, on Oct. 5. “Jaime Jarrín has been the first voice that I can remember as a kid,” said Jose Benito Garcia, 35, of Inglewood.

☆ Boon or threat? Mexico City wrestles with influx of remote U.S. workers
▼ + stars: | 2022-09-14 | by ( ) www.nbcnews.com time to read: +4 min

MEXICO CITY — In a trendy part of Mexico City, in a park surrounded by hipster coffeeshops and restaurants, stands a figure dressed in white with hands in prayer like a Catholic statuette: the so-called patron saint against gentrification. Nearly two million foreigners touched down at the Mexico City International Airport in the first half of 2022, inching toward the record 2.5 million arrivals in the first half of 2019. The gap between American and Mexican salaries means even affluent Mexico City residents can get priced out, in a city that is already home to wide wealth disparities. According to Mexico’s statistics agency, the top 10% of Mexico City households earned more than 13 times as much as the bottom 10% of households in 2020. Coronado, an architect and interior designer who lives between Los Angeles and Mexico City, said he understands locals are resentful.

☆ Coronavirus impact spreads to European auto plant and could hit GM truck production
▼ + stars: | 2020-02-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

An employee uses a flash grinder to smooth out the metal frame of a sports utility vehicle (SUV) on the production line at the General Motors Co. (GM) assembly plant in Arlington, Texas. Automakers working to restart manufacturing in China amid the coronavirus outbreak are trying to prevent operations elsewhere from being affected by supply shortages. General Motors confirmed Friday it is closely monitoring the supply chain for its highly profitable truck production in North America, spokesman David Barnas said in an emailed statement. He added that the automaker "does not anticipate any impact on full-size truck production at this time." The comments follow a report by The Detroit Bureau, an online industry news website, that union leaders in Flint, Michigan, warned of potential parts shortages at their plant as well as the SUV plant in Texas and another truck plant in Indiana due to the coronavirus.

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