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Theo FrancisTheo Francis covers corporate news and executive compensation for The Wall Street Journal from Washington, D.C. He specializes in using a wide range of data as well as securities filings and other publicly available documents to write about complex financial, business, economic, legal and regulatory issues. Theo joined WSJ's Texas Journal edition in Dallas in 2000 and went on to cover mutual funds, pensions, insurance, hospitals and the healthcare industry for the Journal from New York and Florida. He covered financial regulation and the financial crisis from Washington for BusinessWeek in 2008 and 2009. He has taught journalism at the University of Maryland and is a graduate of the University of Illinois and the Columbia University Graduate School of Journalism.

Persons: Theo Francis Theo Francis, Theo Organizations: Wall, WSJ's Texas, BusinessWeek, Petersburg, New York Times, National Public Radio, Bloomberg News, Arkansas Democrat, University of Maryland, University of Illinois, Columbia University Graduate School of Journalism Locations: Washington ,, Dallas, New York, Florida, Washington, Petersburg , Alaska, Arkansas

☆ Ten countries and territories saw severe flooding in just 12 days
▼ + stars: | 2023-09-16 | by ( Jessie Yeung | ) edition.cnn.com time to read: +14 min

Hong Kong CNN —September started with a typhoon that ripped through Hong Kong, uprooting trees and flooding the city. People walk past houses destroyed by heavy rain and flooding in Derna, Libya, on September 13, 2023. Elsewhere in Europe, a separate storm – Storm Dana – saw torrential rain across Spain, damaging homes and killing at least three people. Esam Omran Al-Fetori/Reuters An aerial view of the devastation after flooding caused by Storm Daniel on September 15. Abdullah Mohammed Bonja/Anadolu Agency/Getty Images This satellite photo shows the extent of Derna's flooding on September 12.

Persons: Hong Kong CNN —, ”, Jung, Eun Chu, Esam Omran, Chu, they’ve, Storm Daniel, Angelos Tzortzinis, Kyriakos Mitsotakis, Theodoros Skylakakis, “, Megala, Giannis Floulis, Dana –, Cross, Martin Griffiths, Ciaran Donnelly, Amr Alfiky, Ayman Al, Zohra Bensemra, Yousef Murad, Muhammad J, Abdullah Doma, Ahmed Elumami, Jamal Alkomaty, Abdullah Mohammed Bonja, Omar Jarhman, Ali Al, Saadi, Haikui –, Saola, Haikui, Maria Clara Sassaki, Rick Cinclair, Phil Klotzbach Organizations: Hong Kong CNN, UN, City University of Hong, Getty, Greek, CNN, International Committee, International Rescue, United Arab Emirates, Reuters Volunteers, Reuters, Elalwany, Anadolu Agency, Reuters Workers, Planet Labs PBC, AP, AFP, CNN Brasil, Worcester Telegram, Gazette, National Oceanic, Atmospheric Administration, of Atmospheric Science, Colorado State University Locations: Hong Kong, Libya, City University of Hong Kong, Derna, Europe, Greece, Palamas, AFP, Megala Kalyvia, Turkey, Istanbul, Bulgaria, Spain, Libyan, Shahhat, Asia, Taiwan, China, Shenzhen, Americas, Brazil, Rio Grande do Sul, Brazilian, United States, Nevada, Massachusetts, New Hampshire, Leominster , Massachusetts, El

Alison SiderAlison Sider writes about airlines and air travel from The Wall Street Journal’s Chicago bureau. She has chronicled the major U.S. airlines since 2018, most recently focusing on how they've navigated major crises such as the grounding of the Boeing 737 MAX and the global coronavirus pandemic. She joined the Wall Street Journal's Houston bureau in 2012 to write about the U.S. energy industry, and later covered oil markets in New York. Previously, she worked at the Arkansas Democrat-Gazette in Little Rock, Ark., covering business and reporting from the state Capitol. Alison has an MBA from the McCombs School of Business at the University of Texas at Austin and a BA in economics from the University of Chicago.

Persons: Alison Sider Alison Sider, they've, Alison Organizations: Boeing, Arkansas Democrat, Gazette, McCombs School of Business, University of Texas, University of Chicago, Twitter, LinkedIn Locations: Chicago, U.S, Houston, New York, Little Rock, Austin, alison.sider@wsj.com

PITTSBURGH (AP) — Dr. Richard W. Moriarty, a retired pediatrician from Pittsburgh who helped create the bright green Mr. Yuk sticker that warns kids away from poisonous substances, has died. Moriarty passed away on Thursday, according to Jeffrey Fugh of the funeral home John A. Freyvogel Sons Inc., which is handling arrangements in Pittsburgh. Moriarty was involved in establishing and developing the Pittsburgh Poison Center, where he served as director. He told the newspaper that the response by children in focus groups to the Mr. Yuk sticker's sickly green color and upset face was instrumental — "the Mr. Yuk symbol was designed by kids for kids.” The poison awareness campaign began in 1971. Visitation is Sunday and Monday, with a private funeral on Tuesday.

Persons: Dr, Richard W, Moriarty, Yuk, Jeffrey Fugh, John A, David Hairhoger Organizations: PITTSBURGH, Inc, Pittsburgh Poison Center, UPMC, Pittsburgh Post, Gazette, University of Pittsburgh, Carnegie Museum of, Pittsburgh Public Theater Locations: Pittsburgh, UPMC Shadyside, Pittsburgh's Lawrenceville

☆ Wisconsin sawmill has agreed to stop hiring children after a 16-year-old died on the job
▼ + stars: | 2023-09-07 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

A Wisconsin sawmill operator has agreed to stop hiring children after the death of a teenager. Michael Schuls, 16, died of "traumatic asphyxia" after an accident at Florence Hardwoods. The company also employed nine children, some as young as 14, "to illegally operate machinery," including saws for processing lumber. AdvertisementAdvertisement"While we did not knowingly or intentionally violate labor laws, we accept the findings and associated penalties," Florence Hardwoods said in a statement provided to Insider. In May, a pair of Wisconsin Republicans began circulating a bill that would allow 14-year-olds to serve alcohol; earlier, the state's Republican-led legislature legalized children working as late as 11 p.m.

Persons: Michael Schuls, Labor Julie Su, Schuls, Seema Nanda, —, Kim Reynolds, May, Reynolds, cdavis@insider.com Organizations: Labor, Service, US Department of Labor, Green Bay Press, Gazette, Sheriff's, Press - Gazette, Department of Labor, Wisconsin Republicans, Republican, Des Moines Register Locations: Wisconsin, Florence, Wall, Silicon, Mississippi, Iowa

☆ Thousands told to shelter in place at Burning Man fest in Nevada with access closed due to flooding
▼ + stars: | 2023-09-03 | by ( ) www.cnbc.com time to read: +2 min

RENO, Nev. (AP) — Thousands of Burning Man attendees trudged in sloppy mud on Saturday — many barefoot or wearing plastic bags on their feet — as flooding from storms swept through the Nevada desert, forcing organizers to close vehicular access to the counterculture festival. Revelers were urged to shelter in place and conserve food, water and other supplies. More than one-half inch of rain is believed to have fallen on Friday at the festival site, located about 110 miles (177 kilometers) north of Reno, the National Weather Service in Reno said. At least another quarter of an inch of rain is expected Sunday. "If it really turns into a disaster, well, no one is going to have sympathy for us," Jed said.

Persons: Revelers, wasn't, celebrants, weren't, Mike Jed, Jed Organizations: U.S . Bureau of Land Management, National Weather Service, The Reno Gazette, Associated Press, Land Management, Sheriff's Office Locations: RENO, Nev, Reno, Pershing

CNN —As thousands of people remain unable to leave the Burning Man festival in the Nevada desert after heavy rains inundated their campsites with ankle-deep mud Saturday, authorities say they are investigating a death at the event. Vehicles trying to drive out will get stuck in the mud, Burning Man organizers said Saturday. Dawn brought muddy realization to the Burning Man encampment, where the exit gates remain closed indefinitely because driving is virtually impossible. A rainbow appears at Burning Man in Black Rock Desert, Nevada, on September 2, 2023. “Burning Man is a community of people who are prepared to support one another,” Burning Man said on its website.

Persons: “, Trevor Hughes, Dawn, Hannah Burhorn, ” Burhorn, It’s, Sean Burke, Amar Singh Duggal, Andrew Hyde “, Duggal, Burhorn, ”, Andrew Hyde, Gerlach Organizations: CNN, Land Management, Reno Gazette, Sheriff’s, ” Authorities, Authorities, USA, ”, Vehicles, “, Resources Locations: Nevada, Pershing, Black Rock, Rock, BRC, Reno, San Francisco, , Nevada

Reviving Thailand's economy will be one of the biggest tasks for political newcomer Srettha, who became prime minister last month following prolonged uncertainty after a May election. On the day of the vote, Pheu Thai figurehead Thaksin Shinawatra returned to Thailand in a dramatic homecoming after living abroad for 15 years in self-exile to avoid an 8-year prison sentence. Srettha's rapid ascent to power, Thaksin's smooth return and a coalition between Pheu Thai and former rivals fuelled speculation about an agreement between Thaksin and his foes among the country's powerful conservative and royalist army. Thaksin and the Pheu Thai party say that is not the case. The Pheu Thai will control key economic ministries, which will be crucial in implementing its policies, including a 10,000 baht ($285.63)handout in the form of digital currency.

Persons: Pheu, Thailand's, Athit, Srettha Thavisin, Srettha, King Maha Vajiralongkorn, Thaksin Shinawatra, Thaksin, Bhumjaithai, Chayut Setboonsarng, Miral Fahmy, Gerry Doyle Organizations: REUTERS, Rights, Pheu, Conservative, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Sept 2 (Reuters) - Thailand’s King Maha Vajiralongkorn endorsed a new cabinet, including real estate tycoon Srettha Thavisin as the country’s new prime minister and finance minister, according to a Royal gazette published on Saturday, months after the May elections. Srettha's Pheu Thai party, backed by the billionaire Shinawatra family, will oversee defence, transport, commerce, health and the foreign ministry portfolios. The second-place Pheu Thai broke off an alliance with Move Forward and brought on rival parties aligned with army generals that ousted Shinawatra-linked parties in 2006 and 2014 coups. Thaksin and the Pheu Thai party say that is not the case. The new cabinet has Pheu Thai controlling ministries overseeing the economy ministries, which will be crucial in implementing its policies, including a 10,000 baht ($285.63)handout in the form of digital currency.

Persons: Pheu, Thailand's, Athit, Maha Vajiralongkorn, Srettha Thavisin, Srettha's, Thaksin Shinawatra, Thaksin, Bhumjaithai, Srettha, Chayut Setboonsarng, Miral Fahmy, Gerry Doyle Organizations: REUTERS, Rights, Pheu, Conservative, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

Former Thai Prime Minister Thaksin Shinawatra, who is expected to be arrested upon his return as he ends almost two decades of self-imposed exile, waves at Don Mueang airport in Bangkok, Thailand August 22, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Sept 1 (Reuters) - Thailand's king has commuted former prime minister Thaksin Shinawatra's eight-year prison sentence to one year, the royal gazette said on Friday, a day after the billionaire submitted a request for pardon. His return overshadowed a vote in parliament that installed political ally Srettha Thavisin of the Shinawatra-backed Pheu Thai party, as prime minister. "Thais should accept and not criticise this outcome because it could be considered a violation of royal power," he said. Thailand's strict royal insult law shields the monarchy from criticism, carrying a prison sentence of up to 15 years.

Persons: Thaksin Shinawatra, Athit, Thaksin Shinawatra's, Thaksin, Srettha Thavisin, Thaksin's, Winyat Chatmontri, King Maha Vajiralongkorn, Thais, Chayut Setboonsarng, Panarat, Panu, Kanupriya Kapoor Organizations: Thai, REUTERS, Rights, Reuters, Thomson Locations: Don Mueang, Bangkok, Thailand, Rights BANGKOK

☆ Thai king reduces former PM Thaksin's prison sentence to one year
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: +1 min

Thailand's king has commuted former prime minister Thaksin Shinawatra's eight-year prison sentence to one year, the royal gazette said on Friday, a day after the billionaire submitted a request for pardon. He arrived on a private jet and was transferred to prison to serve an eight-year sentence. On his first night, he was moved to a police hospital over chest pains and high blood pressure. On Thursday he submitted a request for a royal pardon. Thaksin "was a prime minister, has done good for the country and people and is loyal to the monarchy," the royal gazette said on Friday.

Persons: Thaksin Shinawatra's, Thaksin Locations: Thailand

[1/2] Aeromexico aircrafts and other planes are parked at gates at Benito Juarez International Airport in Mexico City, Mexico January 19, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Aug 30 (Reuters) - Mexico's government plans to cap flights at the Mexico City International Airport (AICM) to 43 an hour, according to an internal government document order seen by Reuters on Wednesday. The cuts follow previous flight caps at the airport last year, as the government attempts to reduce saturation in the Mexican capital's airspace. Earlier on Wednesday, the International Air Transport Association (IATA) urged Mexico to take alternative measures to its plans to announce flight reductions at AICM. Mexico last year moved to diversify its airspace around the capital, opening the Felipe Angeles International Airport (AIFA) north of Mexico City and turning back to the largely forgotten Toluca airport to the west of town.

Persons: Henry Romero, Carlos Velazquez, Felipe, Peter Cerda, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, Cassandra Garrison, Leslie Adler, Stephen Coates Organizations: Benito Juarez International Airport, REUTERS, MEXICO CITY, Mexico City International, Reuters, Transportation Ministry, International Air Transport Association, Felipe Angeles International Airport, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America, Toluca, IATA's, America, Texcoco, Mexican

☆ Peru slashes growth outlook amid falling copper investment
▼ + stars: | 2023-08-29 | by ( Marco Aquino | ) www.reuters.com time to read: +3 min

LIMA, Aug 29 (Reuters) - Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in mining, and anti-government protests earlier this year. The South American country's economy is expected to grow 1.1% this year, the economy ministry said in Peru's official gazette. Next year, Peru's economy is expected to grow 3.0%, the ministry added, down from a previous estimate of 3.4%. That makes El Nino the largest immediate threat to Peru's economy, the government said. Meanwhile, Peru's estimated current account deficit was lowered to 1.6% of GDP, down from the 2.1% of GDP previously expected.

Persons: LIMA, El, Peru's, Alex Contreras, Marco Aquino, Kylie Madry, Isabel Woodford, David Holmes, Alistair Bell, Bill Berkrot Organizations: Peruvian Fiscal, El, El Nino, Finance, year's, U.S, Thomson Locations: Peru

☆ Rolling Stones fans see signs of new album in local newspaper ad
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

Mick Jagger, Ronnie Wood and Keith Richards of The Rolling Stones perform as part of their "Stones Sixty Europe 2022 Tour" at Waldbuehne in Berlin, Germany, August 3, 2022. REUTERS/Lisi Niesner/File Photo Acquire Licensing RightsLONDON, Aug 23 (Reuters) - Have the Rolling Stones just announced the release of a new album? “The Rolling Stones are poking fun at themselves,” read one message on the Facebook fan page The Rolling Stones Sessions. Last year, The Rolling Stones marked their 60th anniversary with a European tour, covering 10 countries including Britain. An album by the Rolling Stones featuring new original music would be their first since 2005's "A Bigger Bang".

Persons: Mick Jagger, Ronnie Wood, Keith Richards, Lisi Niesner, ”, Jack Q Frost, Farouq Suleiman, Paul Sandle, Andrew Heavens Organizations: REUTERS, Hackney Gazette, Universal Music, Thomson Locations: Waldbuehne, Berlin, Germany, London, Hackney, Britain

☆ Rolling Stones appear to tease new album in fake ad in local newspaper
▼ + stars: | 2023-08-23 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +2 min

London CNN —If you’re looking for a rock ‘n’ roll end to the summer, then the Rolling Stones may have you covered. The British rock legends appear to have teased a new album through a fake ad for a glass-repair business placed in a local London newspaper. Ronnie Wood, Mick Jagger and Keith Richards of the Rolling Stones perform in Sweden on July 31, 2022 during their "Stones Sixty European Tour." A new album would be the Stones’ 31st studio album and their first since the 2021 death of drummer Charlie Watts. A Rolling Stones representative contacted by CNN declined to comment on the ad.

Persons: Ronnie Wood, Mick Jagger, Keith Richards, Nils Petter Nilsson, “ Don’t, Hackney, Charlie Watts Organizations: London CNN, Hackney Gazette, Hackney Diamonds, Universal Music Group, CNN Locations: British, London, Hackney, Sweden, “

☆ Turkey begins rolling back costly FX-protected deposits
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +3 min

In a reversal, the central bank now wants lenders to set a new goal of transitioning KKM accounts into regular lira accounts, in part by dissuading companies and individuals from renewing the KKM accounts. According to a separate decree in the Official Gazette, the central bank also raised lenders' reserve requirement ratios for FX deposits, further nudging customers into regular lira accounts. KKM accounts have since ballooned to some $117 billion, or 3.1 trillion lira, around a quarter of total bank deposits. To cover KKM depreciation costs, the central bank paid an estimated 300 billion lira ($11 billion) in June and July, when the lira plunged again. The central bank said the KKM move would "enforce macro financial stability by supporting lira deposits" and pledged more such steps.

Persons: Dado Ruvic, Tayyip Erdogan's, Erdogan, Hakan Kara, Jonathan Spicer, Azra, Deepa Babington, Frances Kerry Organizations: Turkish Lira, REUTERS, Rights, Official Gazette, Bilkent University, Ece Toksabay, Thomson Locations: Turkish, Rights ANKARA

☆ US Steel, once a symbol of America’s economic might, is now for sale in the bargain bin
▼ + stars: | 2023-08-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

The Pittsburgh-based company formed in 1901 as a merger of the nation’s leading steel companies — including Carnegie Steel Corp. — and was engineered by financier J.P. Morgan. But, in recent years, US Steel’s fallen far below other American steel companies in steel output and stock market value. (Last year, US Steel shipped only 11.2 million tons of steel from its US operations and had just under 15,000 US employees.) That compares to 14.49 million metric tons from US Steel, including its operations in Europe, which rank 27th in the world for 2022, according to the World Steel Association. Bradford said all along the way, US Steel and other US integrated steelmaking rivals with storied names such as Bethlehem Steel, Inland Steel and LTV Steel underestimated the competitive challenge that they faced from overseas and mini-mills at home.

Persons: J.P, Morgan, Andrew Carnegie, eyeing, ”, Charles Bradford, “ It’s, ” Bradford, Nucor, Bradford, Walt, Joe Biden, Biden, what’s, he’s, Sen, J.D, Vance Organizations: New, New York CNN, US Steel Corp, US Steel, Steel, titans, Carnegie Steel Corp, United Nations, Homestead, US Steel's Carnegie, Illinois Steel Corp, Bettmann, Atlantic, Pittsburgh, Pittsburgh Post, Gazette, US, Fairfield Works, . Steel, World Steel Association . US Steel, Bethlehem Steel, Inland Steel, LTV Steel, Dow Jones, Walt Disney, JPMorgan, Co, Street, LTV, Reuters, Cliffs, The United Steelworkers, Ohio Republican Locations: New York, Pittsburgh, United States, Europe, Japan, Germany, Fairfield Works ., Charlotte, America, Bethlehem, steelmakers, China, India, Korea, Inland, Cleveland, Ohio

☆ Sri Lanka lifts import ban on trucks, heavy vehicles
▼ + stars: | 2023-08-15 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

REUTERS/Dinuka Liyanawatte/File PhotoCOLOMBO, Aug 15 (Reuters) - Sri Lanka on Tuesday lifted a ban on imports of trucks and other heavy vehicles for the first time since March 2020, according to a gazette notification. Sri Lanka has been gradually easing import restrictions, which were imposed as the country's economy tottered from a financial crisis caused by a severe shortage of dollars. Heavy vehicles including buses, trucks and tankers can now be imported, according to a government notification issued by President Ranil Wickremesinghe, who is also the finance minister. However, import bans on passenger vehicles including cars will remain in place. Sri Lanka's economy is expected to shrink about 2% this year, according to central bank estimates, after a 7.8% contraction last year.

Persons: Dinuka, Ranil Wickremesinghe, Uditha Jayashinghe, Jacqueline Wong, Ed Osmond Organizations: REUTERS, International Monetary Fund, IMF, Thomson Locations: Colombo, Sri Lanka, Sri

☆ A trainee driving instructor accidentally plowed his car into the driving school where he worked during his second day on the job
▼ + stars: | 2023-08-10 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

A trainee driving instructor crashed his car into the driving school where he worked while trying to park. The owner of the school told local publications the driver wasn't yet instructing students. A trainee driving instructor plowed his Hyundai into the front of the driving school where he worked while trying to park during his second day on the job. The image showed an SUV sitting in what was identified by local media as Community Driving School in Lakewood, Colorado. The driving school and Lakewood Police Department didn't immediately respond to Insider's requests for comment, made outside normal working hours.

Persons: Steve Rohman, Rohman, Lakewood Police Department didn't Organizations: Lakewood Police, Morning, Hyundai, Twitter, Driving School, CBS, Denver Gazette, Gazette, Lakewood Police Department, Colorado Department of Transportation, Denver Post Locations: Lakewood, Colorado, Lakewood , Colorado

☆ Malaysia bans Swatch's pride watches as the nation cracks down on LGBTQ+ community.
▼ + stars: | 2023-08-10 | by ( Associated Press | ) www.businessinsider.com time to read: +2 min

Malaysia has banned pride-themed Swatch watches. Malaysian officials seized over 160 pride-themed watches from Swatch stores. In May, authorities raided Swatch stores and confiscated more than 160 watches from its Pride Collection. Swatch contested allegations that the watches were harmful, saying they carried a message of peace and love. Anyone found in possession of such Swatch products faces up to three years in jail or a fine of up to 20,000 ringgit ($4,375), it warned.

Organizations: Swatch, Service, Federal Gazette, Ministry Locations: Malaysia, Wall, Silicon, Swiss, Kuala Lumpur, Jakarta, Taipei

☆ Canadian Prime Minister Justin Trudeau and his wife Sophie are separating after 18 years of marriage. Here's a complete timeline of their relationship.
▼ + stars: | 2023-08-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +2 min

Justin Trudeau and Sophie Grégoire Trudeau met as kids, but only began a romantic relationship after reconnecting as adults in the early 2000s. Canadian Prime Minister Justin Trudeau and Sophie Grégoire Trudeau during the G20 Summit on July 7, 2017, in Hamburg, Germany. Sophie told Maclean she recalled having her first kiss with Justin when they were kids in his childhood home. Sophie went on to become an entertainment journalist. "I'm a dreamer and a romantic," Sophie said.

Persons: Justin Trudeau, Sophie Grégoire Trudeau, Mikhail Svetlov, Sophie, Justin, Michel Trudeau, Maclean, Michel, Pierre Trudeau, cohosting, Justin the, Justin didn't, I've Organizations: Canadian, Montreal Gazette, Vogue Locations: Hamburg, Germany, Mount Royal, Montreal, British Columbia

☆ Turkey's Erdogan appoints three deputy governors to central bank
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Turkish President Tayyip Erdogan addresses supporters at the Presidential Palace after his victory in the second round of the presidential election, Ankara, Turkey, May 29, 2023. REUTERS/Umit Bektas/File PhotoISTANBUL, July 28 (Reuters) - Turkish's President Tayyip Erdogan named three deputy governors to the central bank, the country's official gazette said early on Friday, hours after the bank vowed to continue gradual monetary tightening and raised its end-2023 inflation forecast. Osman Cevdet Akcay, Fatih Karahan and Hatice Karahan were appointed as deputy central bank governors, according to a decision published in the official gazette. On Thursday, Turkey's central bank raised its end-2023 inflation forecast sharply to 58% and said it would continue monetary tightening. In what is seen as a pivot to economic orthodoxy, Erdogan appointed Mehmet Simsek as finance minister and Erkan as central bank governor shortly after his re-election in May.

Persons: Tayyip Erdogan, Umit, Osman Cevdet Akcay, Fatih Karahan, Hatice Karahan, Yapi, Hafize Gaye Erkan, Erdogan, Mehmet Simsek, Emrah Sener, Taha Cakmak, Mustafa Duman, Ezgi Erkoyun, Leslie Adler, Jamie Freed Organizations: REUTERS, Federal Reserve Bank of New, Amazon, Thomson Locations: Ankara, Turkey, ISTANBUL, Federal Reserve Bank of New York, Turkey's

☆ Iranian chess player who removed hijab gets Spanish citizenship
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

MADRID, July 26 (Reuters) - An Iranian chess player who moved to Spain in January after she competed without a hijab and had an arrest warrant issued against her at home has been granted Spanish citizenship, Spain said on Wednesday. Laws enforcing mandatory hijab-wearing became a flashpoint during the unrest that swept Iran when a 22-year-old Iranian-Kurdish woman, Mahsa Amini, died in the custody of the morality police in mid-September. The 26-year-old has told Reuters she had no regrets over her gesture in support of the protest movement against her country's clerical leadership. Spain's official gazette said the cabinet approved granting Khadem citizenship on Tuesday "taking into account the special circumstances" of her case. Reporting by Emma Pinedo; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarasadat, Sara Khadem, Mahsa Amini, Emma Pinedo, Alison Williams Organizations: FIDE, Reuters, Thomson Locations: MADRID, Iranian, Spain, Spanish, Kazakhstan, Iran

☆ Turkey raises euro rate for medicine prices by 30.5%
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: 1 min

ANKARA, July 23 (Reuters) - Turkey has raised the euro-lira conversion rate for medicine prices by 30.5% to 14.0387 lira per euro, the country's Official Gazette showed on Sunday. The updated conversion rate is nearly half the market rate, with the lira standing at 29.9727 against the euro at Friday's close . The increase in medicine prices could further stoke inflation, which is already expected to rise more this year due to the lira's deprecation and recent tax hikes introduced by Ankara. Economists are revising their end-2023 inflation forecasts to around 60% from 38.21% in June. Reporting by Ali Kucukgocmen; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Ali Kucukgocmen, Hugh Lawson Organizations: Thomson Locations: ANKARA, Turkey, stoke, Ankara

☆ Protest returns to Peru with fresh demands against official impunity and fears about the economy
▼ + stars: | 2023-07-18 | by ( Karol Suarez | ) edition.cnn.com time to read: +8 min

Yet many of the protesters’ key demands, such as the resignation of President Dina Boluarte, early elections, and the closure of Congress, remain unanswered. Anger over accountability is what’s driving the new protests, Omar Coronel, a sociologist from the Pontifical Catholic University of Peru, told CNN. At the minimum, a democracy leads to “some kind of political sanction” for protest deaths. At least 24,000 police officers are being mobilized to watch what has been dubbed the “takeover of Lima” protest. What people want is to work and that the businesses and the economy not to come to a standstill,” political analyst Álvarez Rodrich said.

Persons: ” Alex Mendoza, Pedro Castillo, Dina Boluarte, Mendoza, ”, “, Ernesto Benavides, ’, Castillo, Boluarte, Anger, Omar Coronel, Marisol Perez Tello, ” Ivette, Vicente Romero, Perez Tello, ” Perez Tello, Cris Bouroncle, ” Augusto Álvarez Rodrich, Coronel, Ronderos, –, ’ ” Coronel, Álvarez Rodrich, ” Jacinto Amansio López Delgado, ” López Organizations: Peru CNN, CNN, Getty, Pontifical Catholic University of Peru, ”, “, Commerce Locations: Lima, Peru, AFP, Ivette, Peruvian, ’ Lima, ”

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