DIRS.INFO The most relevant business & tech news

☆ U.K. Opens Inquiry Into Jeff Zucker’s Emirati-Backed Bid for The Telegraph
▼ + stars: | 2023-11-30 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

Jeff Zucker’s re-entry into the global news business has hit a snag. The announcement capped a week of growing outcry in Westminster over Mr. Zucker’s use of roughly $1 billion in Emirati money to acquire the news organizations, which are hugely influential in British conservative politics. Tories lined up to denounce the proposed deal, warning that the Emiratis’ involvement could lead to undue foreign influence over The Telegraph’s coverage. The review, announced by Britain’s culture secretary, does not necessarily end Mr. Zucker’s chance of success. Since then, Conservative Party eminences have lined up to denounce his bid — often in essays published by newspapers controlled by Mr. Zucker’s rivals — and Tory members of Parliament urged regulators to consider the constraints on press freedoms in the Middle East.

Persons: Jeff Zucker’s, Zucker, Zucker’s, Rupert Murdoch, Lord Rothermere, Murdoch, — Organizations: CNN, The Daily Telegraph, The Spectator, Tories, The Daily, The, Conservative Party Locations: Westminster

☆ Shane MacGowan, hard-drinking poet of The Pogues, dies at 65
▼ + stars: | 2023-11-30 | by ( Conor Humphries | ) www.reuters.com time to read: +5 min

[1/2] Shane MacGowan, former lead singer of The Pogues, performs during the Montreux Jazz festival in the [Miles Davis] Hall late July 15, 1995. MacGowan and his band The Popes were part of the 'Irish Night' during the festival. MacGowan brought Irish traditional music to a huge new audience in the late 1980s by splicing it with punk, and achieved mainstream success with his bittersweet, expletive-strewn 1987 Christmas anthem "Fairytale of New York". Irish President Michael D. Higgins, also a poet, described MacGowan on Thursday as one of music's greatest lyricists. Following a decade with a new band, the Popes, MacGowan and the Pogues reunited and toured regularly until 2014.

Persons: Shane MacGowan, Miles Davis, MacGowan, Stringer, Pogues, Nick Cave, Victoria Mary Clarke, Jesus, Mary, Therese, Pogue Mahone, Elvis Costello, Joe Strummer, Michael D, Higgins, Kirsty MacColl, Bono, Sinead O'Connor, Glen Matlock, Johnny Depp, Cave, Muvija M, Graham Fahy, Conor Humphries, Padraic Halpin, Alex Richardson, Andrew Heavens Organizations: Montreux Jazz, Hall, Guardian, Westminster School, Pogues, Sex, Thomson Locations: Kent, Ireland, DUBLIN, London, Irish, York, English, Soho, Siam, New Zealand, Japan

Such is the scene at the annual COP conference, this year being held Nov. 30-Dec. 12 in the Emirati city of Dubai. Here's how the climate summit unfolds on the ground. THE OPENING CEREMONYThe UAE has spent the last year laying the diplomatic groundwork for this year's summit. But it officially takes on the COP presidency only at the opening ceremony, which features welcome speeches and opportunities to bang the gavel. THE SCENEDuring the first few days, national leaders jet in for what is called the "High-Level Segment" involving back-to-back speeches in the venue's main plenary hall.

Persons: William James, Katy Daigle, Lisa Shumaker Organizations: UAE, Thomson Locations: Emirati, Dubai, UAE, COP26

Persons: William James, Katy Daigle, Lisa Shumaker Organizations: UAE, Thomson Locations: Emirati, Dubai, UAE, COP26

☆ Princess Diana's iconic engagement blouse was made from a ruined dress. Now, it's expected to sell for $100,000 — if not more — at an auction.
▼ + stars: | 2023-11-27 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Princess Diana wore a pink blouse in her engagement portrait in 1981. AdvertisementOne of Princess Diana's most iconic garments is being auctioned off. The auction house, Julien's Auctions, estimates that it will fetch between $80,000 and $100,000 when it sells. As of Monday, Diana's blouse has one bid for $80,000, and Julien's Auctions anticipates it could sell for as much as $100,000. In addition to the Emanuel blouse, the Julien's Auctions TCM Hollywood Legends auction will also feature a Jacques Azagury dress Diana wore on multiple occasions.

Persons: Diana, David, Elizabeth Emanuel, —, Princess Diana's, Charles, Lord Snowden, Princess Margaret, Alastair Grant, Audrey Hepburn, Greta Garbo, Elizabeth, Diana's, DANIEL LEAL, hadn't, David Levenson, Diana wasn't, Emanuel, Jacques Azagury, Princess Diana, Prince Charles, Jayne Fincher Organizations: Service, Vogue, Kensington Palace, AP, Julien's, TCM Hollywood, Business, mascara, Getty, Westminster Abbey, New, New York Historical Locations: Kensington, Westminster, Italy, Canada, New York

☆ A century after debut, UK music store HMV makes Oxford Street return
▼ + stars: | 2023-11-24 | by ( James Davey | ) www.reuters.com time to read: +3 min

The 363 Oxford Street address hosted the very first HMV store in 1921, opened by composer Edward Elgar, and was central to the development of British popular music and culture. "We feel really good on the future of physical stores for retail," Putman told Reuters in an interview. The store will sell 8,000 different vinyl albums, 12,000 CDs, music merchandise and a wide range of music technology. HMV says its vinyl sales are significantly ahead of UK annual market growth of 18%, and account for half its physical music sales. Councillor Geoff Barraclough of Westminster City Council, which oversees Oxford Street, said the HMV store represented what they wanted to do on Oxford Street: "an experience beyond traditional retail".

Persons: Edward Elgar, Doug Putman, Putman, John Lennon, Cher, Elton John, Michael Jackson, Brian Epstein, Epstein, George Martin, Geoff Barraclough, James Davey, Jan Harvey Organizations: Black, Oxford, HMV, Reuters, Wars, Marvel, Echo, Beatles, Westminster City Council, Oxford Street, Thomson Locations: Britain's, Dublin, Antwerp, Westminster

Industry practice suggests that a large share of hedge funds trading in repo markets put up zero collateral, meaning they are fuelling activity using enormous amounts of cheap debt. A looming rule by the U.S. Securities and Exchange Commission would expand the use of central clearing in the cash Treasury and repo market. SEC chair Gary Gensler recently promoted the benefits of central clearing and pointed to data showing high levels of repo trades transacted at zero haircuts. James Tabacchi, CEO of South Street Securities, called zero haircuts a "race to the bottom" and not healthy for markets. However, some market participants have voiced concerns that some of the proposed reforms could be a hurdle for some investors, potentially undermining the goal to improve liquidity and resilience in the Treasury market.

Persons: Rick Wilking, Christopher Clarke, Gary Gensler, James Tabacchi, Richard Chambers, Goldman Sachs, Davide Barbuscia, Megan Davies, Paritosh Bansal, Sonali Paul Organizations: REUTERS, U.S, Industry, repo, North America Sovereign Financing, Morgan Securities, Treasury, Federal Reserve Bank of New, U.S . Securities, Exchange, Corporation, SEC, . Federal Reserve, South Street Securities, Goldman, Thomson Locations: Westminster , Colorado, Treasuries, Federal Reserve Bank of New York, Carolina

REUTERS/Rick Wilking/File Photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - Goldman Sachs (GS.N) expects the U.S. Treasuries curve to steepen in the long term, driven by rising fiscal spending, top executives said. "Fiscal spending has not abated. Benchmark 10-year Treasury yields, which move inversely to prices, hit 5% last month for the first time since 2007. Demand for long-dated Treasuries has slipped in the last six months from central banks, U.S. regional banks and sovereign wealth funds, said Jim Esposito, who jointly runs Goldman's global banking and markets division. "Our economists think most central banks will start cutting rates next year, albeit slowly.

Persons: Rick Wilking, Goldman Sachs, Ashok Varadhan, Goldman's, Fitch, Moody's, government's, Treasuries, Jim Esposito, they've, Esposito, Lananh Nguyen, Davide Barbuscia, Richard Chang Organizations: REUTERS, U.S, Treasury, Federal Reserve, Thomson Locations: Westminster , Colorado, U.S, QE, China

☆ Fact Check: SNP’s Westminster leader held his Remembrance Sunday wreath correctly
▼ + stars: | 2023-11-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Comparison online of the way Britain’s party leaders held their poppy wreaths on Remembrance Sunday has sparked a false claim that the Scottish National Party’s (SNP) Westminster leader Stephen Flynn held his garland upside down. In an X post (archived) on Nov. 14, Flynn said his wreath was made by Lady Haig’s Poppy Factory in Edinburgh, Scotland. Lady Haig’s Poppy Factory told Reuters that the card was placed at the bottom of the wreath. There are also differences in the designs of poppies, the Scottish National War Memorial spokesperson said. Stephen Flynn held his wreath the correct way up on Remembrance Sunday, according to the wreath maker, who said the card was deliberately placed at the bottom.

Persons: Stephen Flynn, Flynn, Ed Davey, Keir Starmer, Rishi Sunak, Lady Haig’s, Lady Haig’s Poppy, Pam Gosal, Jackson Carlaw, Read Organizations: Scottish National, Facebook, Liberal, Conservative Party, Memorial, Reuters, Lady Haig’s Poppy Factory, Scottish, Thomson Locations: Scotland, England, Edinburgh

☆ Opinion | In Britain, Reality Is Cleaving in Two
▼ + stars: | 2023-11-16 | by ( Moya Lothian-Mclean | ) www.nytimes.com time to read: +2 min

In Britain, Armistice Day is usually an understated affair, marked only by two minutes of silence at 11 a.m. The other, comprising a few hundred people from Britain’s far right and football hooligan networks, gathered several miles away in Westminster. Her departure was quickly overshadowed by the shock return to frontline politics of the former prime minister David Cameron, the architect of austerity and Brexit. For all her extremist posturing, Ms. Braverman is part of an establishment consensus that firmly backs Israel’s war in Gaza. In Britain, as its politicians and public move away from each other, reality is cleaving in two.

Persons: Suella Braverman, Rishi Sunak —, Sunak, David Cameron, Braverman Organizations: Metropolitan Police Locations: Britain, London, Gaza, snaked, Britain’s, Westminster

☆ Climate activist Greta Thunberg set for London court appearance
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A police officer speaks to Swedish climate campaigner Greta Thunberg during an Oily Money Out and Fossil Free London protest in London, Britain, October 17, 2023. REUTERS/Clodagh Kilcoyne/File Photo Acquire Licensing RightsLONDON, Nov 15 (Reuters) - Climate activist Greta Thunberg will appear at London's Westminster Magistrates Court on Wednesday charged with a public order offence over an environmental protest in central London last month. Thunberg has become famous as the face of climate activism since she started staging weekly protests in Sweden in 2018, and she now travels around the world addressing crowds at marches and protests. Before her arrest in Britain, she has this year been detained by police or removed from protests in Sweden, Norway and Germany. ($1 = 0.8145 pounds)Reporting by Sarah Young; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Greta Thunberg, Clodagh, Thunberg, Sarah Young, Alex Richardson Organizations: REUTERS, London police, Thomson Locations: Swedish, London, Britain, Westminster, Sweden, Norway, Germany

☆ Climate Activist Greta Thunberg Set for London Court Appearance
▼ + stars: | 2023-11-14 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Climate activist Greta Thunberg will appear at London's Westminster Magistrates Court on Wednesday charged with a public order offence over an environmental protest in central London last month. Thunberg has become famous as the face of climate activism since she started staging weekly protests in Sweden in 2018, and she now travels around the world addressing crowds at marches and protests. She was charged by London police on Oct. 18 and released on bail, and if found guilty on Wednesday she could face a fine of up to a maximum of 2,500 pounds ($3,069). Before her arrest in Britain, she has this year been detained by police or removed from protests in Sweden, Norway and Germany. ($1 = 0.8145 pounds)(Reporting by Sarah Young; Editing by Alex Richardson)

Persons: Greta Thunberg, Thunberg, Sarah Young, Alex Richardson Organizations: London police Locations: Westminster, London, Sweden, Britain, Norway, Germany

☆ David Cameron: Why Rishi Sunak has brought the former UK PM back to frontline politics
▼ + stars: | 2023-11-13 | by ( Peter Wilkinson | Luke Mcgee | ) edition.cnn.com time to read: +8 min

London CNN —Ever since he became British prime minister a little over a year ago, Rishi Sunak has tried to bring calm to the chaotic government he inherited. That might all have changed on Monday when Sunak surprised the Westminster establishment by appointing former Prime Minister David Cameron as his new foreign secretary. He was very much from the center of the Conservative Party and led the campaign to remain in the European Union. David Cameron leaves 10 Downing Street after being appointed foreign secretary by Prime Minister Rishi Sunak on November 13, 2023. British Prime Minister David Cameron resigns on the steps of 10 Downing Street in 2016.

Persons: London CNN —, Rishi Sunak, Liz Truss, Boris Johnson’s, Sunak, David Cameron, Suella Braverman, Cameron, Cameron’s, Carl Court, Braverman, Johnson, Toby Melville Toby Melville, Braverman’s, Matt Cardy, shouldn’t, it’s, don’t Organizations: London CNN, Conservative Party, European Union, Conservatives, Conservative, Britian's, REUTERS, Downing, European Liberal Democrats, Liberal Democrats, CNN Locations: British, Westminster, Brexit, London, Britain, Rwanda

☆ Suella Braverman fired as David Cameron returns to UK government
▼ + stars: | 2023-11-13 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

The hardline Home Secretary Suella Braverman was fired early on Monday morning, after making inflammatory comments about the policing of pro-Palestinian protests in central London over the weekend. Cameron served as prime minister from 2010 to 2016, resigning after Britain voted to leave the European Union in a referendum that he had called. Unlike Braverman, neither Cleverly nor Cameron are likely to go off script and lash out at the police or protesters. Monday marks the second time in just over a year that Braverman has been sacked as home secretary. Under Sunak, Braverman spearheaded a heavily publicised push to clamp down on small boat crossings made by asylum-seekers.

Persons: London CNN — Britain’s, Rishi Sunak, David Cameron, Suella Braverman, Sunak, Cameron, Downing, James, Braverman, London’s, Braverman’s, ” Neil Basu, we’ve, King Charles, Alec Douglas, –, Edward Heath’s, “, ”, —, ” Cameron, Tories ’, Carl Court, Boris Johnson, Liz Truss, Jeremy Hunt, they’d, Liz Truss’s shambolic, lambasting “, Keir Starmer, ” Starmer Organizations: London CNN, Britain, European Union, Downing Street, Times, London, Sunak, BBC, Downing, Conservative Party, Liberal Democrats, Tories, EU, Braverman, Human, Rwanda –, Conservatives, Labour Party Locations: London, Braverman, Downing, Westminster, Cameron, Rwanda, Britain, United Kingdom

☆ Factbox-Seven Turbulent Years: British Ministerial Churn Since the Brexit Vote
▼ + stars: | 2023-11-13 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

PRIME MINISTERCameron served as prime minister until July 13, 2016, three weeks after the Brexit vote on June 23. She holds the record for Britain's shortest-serving prime minister after she quit after 49 days, having triggered a financial market meltdown. Philip Hammond was foreign secretary from July 2014 until three weeks after the Brexit vote in 2016. INTERIOR MINISTERBritain's interior ministry has changed leadership eight times since the Brexit vote, including Cleverly who stepped into the role on Monday. There have been 13 housing ministers since the Brexit vote, including six since Feb. 8, 2022.

Persons: Sarah Young, Rishi Sunak, David Cameron, Cameron, Theresa May, Boris Johnson, Liz Truss, Sunak, James, Dominic Raab, Jeremy Hunt, Johnson, Philip Hammond, Suella Braverman, Grant Shapps, Truss, Hunt, Kwarteng, Victoria Atkins, Monday, Steve Barclay, Gillian Keegan, Kate Holton, Alex Richardson Organizations: Sarah Young LONDON, British, European Union, Conservative Party, FINANCE, National Health Service Locations: Westminster, Britain, European, Truss, Crete, Kabul, Cameron

☆ Dollar headed for best week against yen in three months; cryptos leap
▼ + stars: | 2023-11-10 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. The dollar stood near a one-year high at 151.355 yen on Friday and touched one-week highs against the Australian and New Zealand dollars. The greenback, however, regained its footing this week and was eyeing a weekly gain of roughly 1.3% against the yen, its best performance since August. The Aussie and the kiwi were likewise headed for a 2.3% and 1.75% weekly decline against the dollar respectively, also their steepest drop in months. "Even though we don't expect Powell to deliver on the tightening bias, that tightening bias does support the dollar," said Kong.

Persons: Rick Wilking, Jerome Powell, Powell, Tina Teng, it's, Carol Kong, Carl Szantyr, Rae Wee, Lincoln, Kim Coghill Organizations: REUTERS, Rights, Federal, New, CMC Markets, Fed, Commonwealth Bank of Australia, Australian, New Zealand, U.S . Securities, Exchange Commission, Thomson Locations: Westminster , Colorado, Rights SINGAPORE, New Zealand, U.S, China

☆ Turmoil in UK government after key minister slams police ahead of pro-Palestinian march on Armistice Day
▼ + stars: | 2023-11-10 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

On Saturday, the UK will mark Armistice Day – the date commemorating the de-facto end of World War I. Also on Saturday, pro-Palestinian protesters will march through central London demanding a ceasefire in the Israel-Hamas conflict. Every living UK Prime Minister lays a wreath at the monument, along with other senior politicians, visiting dignitaries and members of the royal family. Banning such a protest in the name of those who died for precisely these sorts of freedoms is not the best look on Armistice Day. The Conservative Party’s poll ratings are poor and Sunak is already barely holding together a fragile coalition of parliamentarians.

Persons: Rishi Sunak, Sunak, Suella Braverman, Leon Neal, Banning, Sunak’s, Braverman, ” Braverman, Keir Starmer, Downing, Mark Kerrison, ” Sunak, Brexit, Boris Johnson, Liz Truss, – Organizations: London CNN, Getty, London’s Metropolitan Police Service, Conservative, National Conservatism Conference, Emmanuel Centre, Conservative Party Locations: London, Israel, Downing, Times, England, Gaza, Northern Irish, Charing, Westminster

LONDON, Nov 10 (Reuters) - Scientists have rediscovered a long-lost species of mammal described as having the spines of a hedgehog, the snout of an anteater and the feet of a mole, in Indonesia's Cyclops Mountains more than 60 years after it was last recorded. The species has only been scientifically recorded once before, by a Dutch botanist in 1961. A different echidna species is found throughout Australia and lowland New Guinea. Kempton's team survived an earthquake, malaria and even a leech attached to an eyeball during their trip. They worked with the local village Yongsu Sapari to navigate and explore the remote terrain of northeastern Papua.

Persons: David Attenborough, James Kempton, Kempton, Kempton's, Yongsu, William James, Alex Richardson Organizations: Oxford University, Thomson Locations: British, Dutch, Australia, New Guinea, Papua

☆ Dollar eyes best week against yen in three months; cryptos leap
▼ + stars: | 2023-11-10 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. The dollar stood near a one-year high at 151.38 yen on Friday and touched one-week highs against the Australian and New Zealand dollars. The greenback, however, regained its footing this week and was eyeing a weekly gain of roughly 1.3% against the yen, its best performance since August. The Aussie and the kiwi were likewise headed for a 2.4% and 1.8% weekly decline against the dollar respectively, also their steepest drop in months. "Even though we don't expect Powell to deliver on the tightening bias, that tightening bias does support the dollar," said Kong.

Persons: Rick Wilking, Jerome Powell, Powell, Tina Teng, it's, Carol Kong, Carl Szantyr, Rae Wee, Lincoln Organizations: REUTERS, Rights, Federal, New, CMC Markets, Fed, Commonwealth Bank of Australia, Australian, New Zealand, U.S . Securities, Exchange Commission, Thomson Locations: Westminster , Colorado, Rights SINGAPORE, New Zealand, U.S, China

☆ More junk-rated companies downgraded than upgraded in October -JPM
▼ + stars: | 2023-11-09 | by ( Matt Tracy | ) www.reuters.com time to read: +1 min

REUTERS/Rick Wilking/File Photo Acquire Licensing RightsNov 9 (Reuters) - More U.S. high-yield bond issuers saw downgrades to their credit ratings than upgrades last month, JPMorgan (JPM.N) said in a research report. October saw downgrades to 18 junk bond issuers' ratings accounting for $22.2bn in debt, while just 16 issuers were given upgrades by ratings agencies, the JPMorgan report said. This is the first time downgrades have surpassed upgrades on U.S. junk-rated borrowers in four months, it added. Changes to credit ratings are significant for a company, since lower ratings most often result in higher borrowing costs. While high-grade companies' credit ratings have proven resilient during the Federal Reserve's interest-rate hikes, businesses with significant leverage and floating-rate debt have struggled to keep pace with rising debt-servicing costs.

Persons: Rick Wilking, downgrades, Matt Tracy, Alexander Smith Organizations: REUTERS, U.S, JPMorgan, Moody's, Service, Thomson Locations: Westminster , Colorado

LONDON (AP) — South Korean President Yoon Suk Yeol will be greeted with royal pomp and ceremony before commemorating the sacrifice of British soldiers during the Korean War when he travels to the U.K. for a state visit later this month. The president and first lady will later take part in a wreath-laying ceremony at the Korean War Memorial to mark the 70th anniversary of the end of the war. They will then visit Westminster Abbey, where the president will lay a wreath at the grave of the Unknown Warrior. The president will address members of both houses of Parliament before attending a state banquet at Buckingham Palace. Political Cartoons View All 1237 ImagesThe president and first lady will arrive to the United Kingdom on Nov. 20 and depart on Nov. 23.

Persons: Yoon Suk, King Charles III, Queen Camilla, Kim Keon Hee, Buckingham, Yoon, Rishi Sunak Organizations: Horse Guards, South, Korean, Westminster Abbey Locations: London, Buckingham, United Kingdom

But they are going only as far as the safest bets in the junk category, bonds rated BB and B. Junk bond spreads, the additional interest rate investors demand over safe Treasury bonds, tightened sharply. The spreads of those rated BB and B, or the higher rungs of junk, had tightened 47-52 basis points last week, according to Informa Global Markets data. Four junk bond issuers – Bombardier (BBDb.TO), Venture Global LNG, Smyrna Ready Mix Concrete and InfraBuild Australia - announced bond offerings on Monday. The spotty access to bond markets does not bode well for poorly rated companies.

Persons: Rick Wilking, ”, Edward Marrinan, Peter Knapp, Winnie Cisar, bode, Morgan Stanley, Moody's, Manuel Hayes, Shankar Ramakrishnan, Paritosh Bansal, Andrea Ricci Organizations: REUTERS, Federal, Nikko Securities Americas, Investors, JPMorgan, Informa, CCC, Bombardier, Venture Global LNG, “, London, Insight Investment, Barclays, Thomson Locations: Westminster , Colorado, Smyrna, Australia

People look towards Big Ben and the Houses of Parliament, where Britain's King Charles III will set out the government's forthcoming legislative plans in a speech on Tuesday, in London, Britain, November 6, 2023. "I want everyone across the country to have the pride and peace of mind that comes with knowing your community ... is safe. That is my vision of what a better Britain looks like," Sunak said in a statement before the speech. In the most despicable cases, these evil criminals must never be free on our streets again. Reporting by Elizabeth Piper and Andrew MacAskill; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Big Ben, King Charles III, Toby Melville, Sunak Sunak, Labour King's, King Charles, Rishi Sunak's, Sunak, Bill, Charles, Queen Elizabeth, Elizabeth Piper, Andrew MacAskill, Andrew Heavens Organizations: REUTERS, Labour, LONDON, British, Conservatives, Labour Party, Reading, Thomson Locations: London, Britain, Buckingham Palace, Westminster

The projections prompted U.S. Treasury debt yields to fall slightly, with the benchmark 10-year yield last at 4.88%. "Interest in today's borrowing projections have been higher than normal," said Thomas Simons, money market economist at Jeffries in New York. Investors awaited the Treasury's quarterly refunding statement on Wednesday for details on which maturities will be increased as the department pursues record borrowing levels. QUARTERLY RECORDSThe reduced $776 billion borrowing estimate would still be a record for any October-December period, exceeding the $689 billion in the 2021 quarter boosted by high COVID-19 relief outlays. In the third calendar quarter of 2023, the Treasury said it borrowed $1.01 trillion and ended that period with a cash balance of $657 billion.

Persons: Rick Wilking, Thomas Simons, Jeffries, Steven Zeng, Wednesday's, Zeng, Karen Brettell, David Lawder, Daniel Burns, Davide Barbuscia, Andrea Ricci, Richard Chang Organizations: REUTERS, U.S . Treasury, Treasury, Investors, Deutsche Bank, Thomson Locations: Westminster , Colorado, U.S, California, New York

☆ Archbishop of Canterbury warns against assuming Israel behind Gaza hospital blast
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

Archbishop of Canterbury Justin Welby at Westminster Abbey, central London, ahead of the coronation ceremony of King Charles III and Queen Camilla. The Oct. 17 explosion at Al Ahli hospital has been among the most hotly disputed events of the Gaza war now in its third week. The governing Palestinian Islamist group Hamas accused Israel of carrying out an air strike on the hospital. Israel denied that, saying the blast was caused by a Palestinian rocket falling short after being launched at Israel. Asked during a visit to Jerusalem if he could corroborate a figure for the fatalities, Archbishop of Canterbury Justin Welby told reporters: "I have no idea about how many civilians there were.

Persons: Canterbury Justin Welby, King Charles III, Queen Camilla, Andrew Milligan, Israel, of Canterbury Justin Welby, I've, Dan Williams, Nick Macfie Organizations: Westminster Abbey, Rights, Palestinian, U.S, Thomson Locations: Westminster, London, Gaza, Al Ahli, Palestinian, Israel, U.S, Jerusalem

Search resuls for: "Westminster"

25 mentions found