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Originally known for crowds lining up at big-box stores in the U.S., Black Friday has moved online and gone global. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. On average, shoppers in France expected to spend 295 euros ($322) on Black Friday, the survey found. Most U.S. stores were closed on Thanksgiving but opened to shoppers at 5 a.m. or 6 a.m. on Friday. In post-earnings calls this week, retailers from Kohl's (KSS.N) to Nordstrom (JWN.N) told investors they had invested in jackets, cashmere sweaters and Ugg boots to lure Christmas shoppers after an unseasonably warm October.
Persons: Shannon Stapleton, Jessica Ramirez, Jane Hali, Jeff Gennette, Mari Shor, Bergdorf Goodman, Nordstrom, Oscar de, ” Nordstrom, Pete Nordstrom, Katie Wyle, Katherine Masters, Mimosa Spencer, Helen Reid, James Davey, Josie Kao, Miral Fahmy, Frances Kerry Organizations: Black, REUTERS, Retailers, Associates, National Retail Federation, Insider Intelligence, Barclays, Macy's, The New York Police, Nordstrom, Walmart, Columbia Threadneedle Investments, Westfield, Thomson Locations: Westbury , New York, U.S, Europe, France, Italy, Spain, Amazon, Israel, New York City, Kohl's, Mall, Britain, Westfield, Paris, London
A spokesperson for Brazil's Foreign Ministry confirmed the country has decided to join the pact. Brazil is already a major player in renewable energy. While Brazil supports tripling renewables globally, mathematically it is not possible domestically, a Foreign Ministry spokesperson said. "Brazil won't be able to triple its own renewable energy because it's already very high, but Brazil is once again reinforcing its support for renewables," he said. The draft renewable energy pledge, reviewed by Reuters, commits to "the phase down of unabated coal power," including ending financing for new coal-fired power plants.
Persons: Bruno Kelly, Valerie Volcovici, Jake Spring, Josie Kao Organizations: REUTERS, Foreign, European Union, United, Reuters, United Arab Emirates ' Foreign Ministry, Renewables, Energy, Brazil's Foreign Ministry, Foreign Ministry, Thomson Locations: Manaus, Amazonas, Brazil, United Arab Emirates, South America's, Dubai, Brazil's, Abu Dhabi
[1/2] Police blockade roads after an incident at the Rainbow Bridge U.S. border crossing with Canada, in Niagara Falls, New York, U.S. November 22, 2023. Niagara Falls police said Kurt and Monica Villani, both 53 and from Grand Island, New York, were the occupants of the car. The incident was still under investigation by the Niagara Falls police Crash Management unit on Friday. A CBP officer suffered minor injuries at the crash site, was treated at a nearby hospital and later released, an agency official said. The crash occurred sometime after the couple left the casino, CNN reported, citing investigator sources.
Persons: Lindsay DeDario, Kurt, Monica Villani, Gabriella Borter, Josie Kao Organizations: Police, Rainbow Bridge, REUTERS, New York police, Niagara, Crash Management, U.S . Customs, Border Protection, Buffalo International Airport, Federal Aviation Administration, FBI, CNN, Thomson Locations: Canada, Niagara Falls , New York, U.S, New York, Ontario, Niagara Falls, Grand Island , New York
The WHO had asked China for more information on Wednesday after groups including the Program for Monitoring Emerging Diseases (ProMED) reported clusters of undiagnosed pneumonia in children in north China. No unusual pathogens have been detected in the capital of Beijing and the northeastern province of Liaoning. The U.N. health agency had also asked China for further information about trends in the circulation of known pathogens and the burden on healthcare systems. WHO China said it was "routine" to request information on increases in respiratory illnesses and reported clusters of pneumonia in children from member states, such as China. The WHO said that while it was seeking additional information, it recommended that people in China follow measures to reduce the risk of respiratory illness.
Persons: Dado Ruvic, pneumoniae, Ben Cowling, Deena Beasley, Andrew Silver, Jennifer Rigby, Emma Farge, Urvi, Robert Birsel, Miyoung Kim, Josie Kao Organizations: REUTERS, World Health Organization, WHO, International, National Health Commission, FTV News, Hong Kong University, Health Commission, Xinhua, Influenza, Thomson Locations: China, Beijing, Liaoning, Wuhan, WHO China, Taiwan, Los Angeles, Shanghai, London, Geneva, Bengaluru
REUTERS/Hugo Curotto/File Photo Acquire Licensing RightsNov 23 (Reuters) - Venezuelan authorities rejected a flight of Venezuelans expelled from Chile trying to enter the country, a top Chilean official said on Thursday. "They said, 'No, I do not authorize the flight to Venezuela,'" he added. Monsalve, who did not say how many Venezuelans were on the flight, said the decision to send them back also depended on the Venezuelan government. He added that, per Chilean law, if the expulsion was not carried out within five days, then the Venezuelans would be released. Reporting by Vivian Sequera; Writing by Kylie Madry; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Hugo Curotto, Manuel Monsalve, Monsalve, Vivian Sequera, Kylie Madry, Josie Kao Organizations: REUTERS, Chilean, Interior, United Nations, Refugees, Thomson Locations: Chile, Peru, Chacalluta, Arica, Venezuelan, Chilean, Venezuela, UNHCR
Tom Turkey float rides during the 97th Macy's Thanksgiving Day Parade in Manhattan, New York City, U.S., November 23, 2023. With Wall Street shut for Thanksgiving on Thursday, Asian investors will miss the usual swing factor. Instead, Friday's release of Japan's core inflation data for October will set the tone for trading in the region. Japan's core consumer inflation likely accelerated again in October, staying above the central bank's 2% price target for a 19th straight month, according to a Reuters poll. But some of the inflation-easing trade is already priced into the market, reflected in the near 11% rally in the MSCI world index (.WORLD) in the past 18 trading days.
Persons: Tom Turkey, Brendan McDermid, Denny Thomas, Josie Kao Organizations: REUTERS, Rights TORONTO, Bank of, Beijing, European Central Bank, Stocks, Malaysia CPI, Thomson, Reuters Locations: Manhattan , New York City, U.S, Japan, China, Europe, Singapore, New Zealand, Thailand, Taiwan
REUTERS/Sophie Park/File Photo Acquire Licensing RightsNov 22 (Reuters) - The head of a political action committee (PAC) supporting Republican Ron DeSantis resigned on Wednesday, dealing a further blow to the Florida governor's struggling White House campaign. Although super PACs are not legally allowed to coordinate with campaigns, Never Back Down and the DeSantis campaign have pushed those boundaries. Jankowski's statement hinted at internal divisions within the super PAC over not just strategy, but spending. "Never Back Down's main goal and sole focus has been to elect Governor Ron DeSantis as President. He was given a boost this month when Iowa's popular Republican governor, Kim Reynolds, endorsed him over Trump.
Persons: Ellie Mooney, Ron DeSantis, Sophie, Chris Jankowski, DeSantis, Donald Trump, Trump, Joe Biden, Kim Reynolds, Tim Reid, Josie Kao Organizations: New, Republican, Florida, REUTERS, Florida governor's, White, Reuters, Trump, Democratic, Thomson Locations: New Hampshire, Keene , New Hampshire, U.S, Florida, Iowa
Morning Bid: Markets in a holiday mood
  + stars: | 2023-11-22 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +3 min
REUTERS/Brendan McDermid Acquire Licensing RightsNov 23 (Reuters) - A look at the day ahead in Asian markets from Lewis Krauskopf, markets correspondent. Markets were buoyant ahead of Asia trading and the Thanksgiving holiday in the U.S., with stocks resuming their massive rally this month that has been fueled by hopes of a more benign interest rate backdrop. Japanese markets were also set to be closed for a national holiday on Thursday. While speculation that the Bank of Japan could exit from negative interest rates early next year stands to help stabilize the yen, the Japanese currency still faces strong headwinds. Trading volumes were set to be subdued for the rest of the week with markets in the U.S. closed on Thursday.
Persons: Brendan McDermid, Lewis Krauskopf, Josie Kao Organizations: New York Stock Exchange, REUTERS, Nasdaq, Federal, Nvidia, Amazon, Microsoft, Nikkei, Reuters, Bank of Japan, Singapore CPI, Indonesia Central Bank, Thomson Locations: Santa Claus, New York City, U.S, Lewis, Asia, China, Beijing, Singapore
BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban's ruling Fidesz party submitted a bill on "protecting national sovereignty" to parliament on Tuesday to defend against what it called undue political interference by foreign persons or groups. The bill would set up a separate authority to explore and monitor risks of political interference and recommend changes in regulations. It would also punish banned foreign financing for parties or groups running for election with up to three years in prison. "Hungary's sovereignty is impaired -- and it also carries a heightened risk to national security -- if political power gets into the hands of persons or organisations dependent on any foreign power, organisation or person," the bill said. Orban, who has a two-thirds majority in parliament that allows Fidesz to change any legislation, scored his fourth landslide victory in 2022.
Persons: Viktor Orban's, Orban, Ursula von der Leyen, Boldizsar Gyori, Josie Kao Organizations: European Union, Communist, Fidesz, EU, Ukraine Locations: BUDAPEST, Hungarian, Hungary
By David LawderSAN FRANCISCO (Reuters) - The Biden administration has vowed to continue negotiating an ambitious Asia trade deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say. Deputy U.S. Trade Representative Sarah Bianchi told Reuters that IPEF partners will "recalibrate" the trade talks in 2024. But it gets harder from here, said Wendy Cutler, the former chief USTR negotiator on the Trans-Pacific Partnership trade deal with many of the same countries. "Until they do that, the trade pillar will be a tough nut to crack." The Biden administration launched negotiations in September 2022, leaving an impossibly tight deadline ahead of the APEC summit, according to some trade experts.
Persons: David Lawder, Biden, Sarah Bianchi, Wendy Cutler, TPP, Donald Trump's, Cutler, They're, Sherrod Brown, Jake Colvin, Colvin, Lori Wallach, Xi Jinping, Don Durfee, Josie Kao Organizations: FRANCISCO, Reuters, Economic, Economic Cooperation, U.S . Trade, Pacific Partnership, Asia Society Policy Center, APEC, Democratic, National Foreign Trade Council, Trans, Pacific Locations: Asia, Vietnam, Indonesia, Donald Trump's U.S, San Francisco, China
SAN FRANCISCO, Nov 16 (Reuters) - San Francisco police began arresting protesters calling for a ceasefire in the Israel-Hamas war on Thursday after demonstrations blocked the Bay Bridge, a key commuter route into the city which is hosting the Asia Pacific Economic Cooperation (APEC) forum. Authorities also deployed tow trucks to remove protesters' vehicles blocking the bridge. Local emergency services warned of the blockage during morning rush hour on the bridge which links Oakland and other East Bay cities to San Francisco. Traffic traveling on the bridge toward San Francisco began to move as of about 10:45 a.m. local time (1845 GMT) after a backup. “It is a good idea because they are against a war but I think they should be more safe and protest in the city, not the bridge,” Felix said.
Persons: Claudia Felix, Felix, ” Felix, Max A, Peter Henderson, Omar Younis, Sandra Stojanovic, Mary Milliken, Chizu Nomiyama, Josie Kao Organizations: FRANCISCO, San Francisco, Asia Pacific Economic Cooperation, California, Patrol, Authorities, Palestinian Youth Movement, Palestine Solidarity, Thomson Locations: Israel, U.S, Oakland, San Francisco, Bay, Stockton
"We will continue working to better facilitate high-standard trade that advances workers' rights through strong enforcement of labor standards." Biden was also to take part on Thursday in an event for the Indo-Pacific Economic Framework (IPEF), a 14-nation group his administration established. Hopes for an IPEF trade deal were dashed this week. Asked how long an IPEF trade agreement could take to conclude, an administration official said most negotiations take years but the White House intended to work on an "accelerated timeline." "A stable relationship between the world's two largest economies is not merely good for those two economies but for the world," Biden said to applause.
Persons: Joe Biden, Biden, White, Donald Trump, Republican Trump, Fumio Kishida, Xi Jinping, Justin Trudeau, Anthony Albanese, Dina Boluarte, Srettha Thavisin, Hassanal, Gina Raimondo, Xi, Trevor Hunnicutt, David Brunnstrom, Nandita Bose, Katharine Jackson, Andrea Shalal, Heather Timmons, Josie Kao, Cynthia Osterman Organizations: FRANCISCO, Asia, Economic Cooperation, Economic, Democrat, Republican, APEC, IMF, Amazon.com, Delta Air Lines, PepsiCo, Apple, Boeing, Japan's, Canada's, Australia's, Brunei's, Monetary Fund, . Commerce, Trans, Pacific, Trump, U.S, Thomson Locations: Pacific, San Francisco, Asia, ASIA, U.S, Thailand, China, United States
SAN FRANCISCO, Nov 16 (Reuters) - President Joe Biden will highlight strong U.S. ties to the Asia Pacific Economic Cooperation (APEC) forum economies on Thursday, despite a failure to make progress on key trade provisions sought by regional countries. Biden will also take part in an event with the 14-member Indo-Pacific Economic Framework (IPEF) that his administration established to bolster economic engagement after former President Donald Trump quit a long-negotiated regional trade pact in 2017. U.S. hopes for an IPEF trade deal were dashed this week, after members could not agree on improving labor and environmental standards or compliance, people briefed on the talks said. U.S. exports to the region have grown 12%, 60% of U.S. exports are sent to a fellow APEC economy, and APEC members have invested $1.7 trillion into the U.S. economy since 2016, the official said. Biden plans to emphasize his administration's efforts to advance workers' rights in remarks on Thursday, the U.S. official said.
Persons: Joe Biden, Biden, Xi Jinping, Donald Trump, Gina Raimondo, Xi, David Brunnstrom, Nandita Bose, Katharine Jackson, Doina, Heather Timmons, Josie Kao Organizations: FRANCISCO, Asia Pacific Economic Cooperation, APEC, Economic, . Commerce, U.S, Thomson Locations: San Francisco, U.S, Japan, Vietnam, Singapore, China, United States
For the first time, US prisoners graduate from top university
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
It was a moving commencement ceremony for the 16 graduating men and their loved ones at the Stateville correctional facility in Crest Hill. Coming from where I came from, the things that I've been through and to be here is indescribable," said graduate Michael Broadway after the ceremony. Around 100 students are enrolled in the Northwestern program across Stateville and the Logan Correctional Center, a women's prison. Newly-minted Northwestern graduate James Soto plans to continue his education in law school. He hopes that this first class of incarcerated students is just the beginning.
Persons: Michael Broadway, Elizabeth, Jennifer Lackey, Lackey, James Soto, Eric Cox, Josie Kao Organizations: Northwestern University, Northwestern Prison, Stateville Correctional, Northwestern University's, Program, Northwestern, U.S . News, Oakton College, Illinois Department of Corrections, Broadway, Logan Correctional Center, Thomson Locations: Crest Hill , Illinois, U.S, Northwestern, Evanston , Illinois, Crest Hill, Stateville
REUTERS/Kim Kyung-Hoon Acquire Licensing RightsNov 17 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Asia Pacific economic data and policy calendar on Friday is very light, with only Malaysian third quarter GDP and current account reports scheduled for release. Ahead of the data the ringgit is trading around 4.6850 per dollar, near last month's 25-year low of 4.79 per dollar. Anyone hoping for market-moving news from the Asia Pacific Economic Cooperation forum in San Francisco will have been disappointed. The gathering of APEC leaders has been cordial and cooperative but, viewed through an economic and market lens, lacking any real substance.
Persons: Kim Kyung, Jamie McGeever, Joe Biden, Xi Jinping, Fed's Barr, Collins, Daly, Josie Kao Organizations: Nikkei, REUTERS, Treasury, Asia, Malaysian, Asia Pacific Economic Cooperation, APEC, CSI, Brent, Thomson, Reuters Locations: Tokyo, Japan, U.S, Asia Pacific, Asia, San Francisco, China, Malaysia
China and Mexico's relationship has strengthened with time, Chinese President Xi Jinping said about the meeting, according to a post from the Asian country's embassy in Mexico, with Sino-Mexican relations becoming increasingly "mutually beneficial." The post added that China "is willing ... to strengthen the articulation of strategies, (and) explore the potential for cooperation ... to promote bilateral relations to a higher level." Mexico President Andres Manuel Lopez Obrador said the two leaders had "committed to continue maintaining good relations for the benefit of our people." Lopez Obrador is also set to meet with Canadian Prime Minister Justin Trudeau and U.S. President Joe Biden during the trip. Lopez Obrador and Xi agreed to combat illegal trafficking of precursor chemicals, Mexican Foreign Minister Alicia Barcena said in a post on social media network X.
Persons: Andres Manuel Lopez Obrador, Xi Jinping, Lopez Obrador, Justin Trudeau, Joe Biden, Biden, Xi, Alicia Barcena, Kylie Madry, Valentine Hilaire, Isabel Woodford, Josie Kao, Stephen Coates Organizations: Economic Cooperation, Reuters, MEXICO CITY, Canadian, U.S, Thomson Locations: Asia, San Francisco , California, U.S, MEXICO, Mexico, San Francisco . China, China, United States
[1/4] Consumers struggle to enter a store to buy shoes in a store at a shopping center during Black Friday sales, in Caracas, Venezuela November 25, 2022. WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe Analytics. Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.
Persons: Leonardo Fernandez Viloria, Marcus Collins, Collins, Dana Telsey, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Josie Kao Organizations: Black, REUTERS, Retailers, Department, Ross School of Business, University of Michigan, Labor, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Adobe Analytics, Dollar, Walmart, Associates, Nordstrom, Adobe, Consumers, Deloitte, Electronics, Mastercard, Reuters, Thomson Locations: Caracas, Venezuela, U.S, Europe, Philadelphia, Panama, United States, United Kingdom, China, Bengaluru, London
Washington put the institute on the list in 2020 over alleged abuses against Uyghurs and other minority groups, effectively barring it from receiving most goods from U.S. suppliers. Former Chinese ambassador to the U.S. Qin Gang in an interview last year described it as "shocking" the U.S. would sanction the institute, which he described as essential to controlling fentanyl. The Chinese embassy in Washington did not immediately respond to a request for comment. As part of the meeting, the men agreed to cooperate on addressing the source of the opioid fentanyl, with China promising to go directly after specific chemical companies that make fentanyl precursors. Reporting by Paul Grant and Alexandra Alper; Editing by Doina Chiacu, Chizu Nomiyama and Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Joshua Roberts, Biden, U.S . Qin Gang, Xi Jinping, Paul Grant, Alexandra Alper, Doina Chiacu, Chizu Nomiyama, Josie Kao Organizations: of Commerce, REUTERS, Rights, Ministry of Public Security’s Institute of Forensic Science, U.S . Qin, Reuters, Economic Cooperation, U.S . Centers for Disease Control, Prevention, Federal Register, Commerce, Defense, Energy, Treasury, Thomson Locations: Washington , U.S, Beijing, United States, Washington, U.S, San Francisco, Asia, China, State
These are then smuggled into the United States, the officials say. Last month, the United States imposed sanctions on 28 people and entities involved with the international proliferation of illicit drugs, including a large China-based network. Biden is also due to meet with Mexican President Andres Manuel Lopez Obrador in San Francisco. In San Francisco, state and local officials have tried to clean up drugs from the city's streets, with limited success. "We know San Francisco - and cities across the United States - will benefit from more targeting of the trafficking and production of fentanyl worldwide," a spokesperson for Breed said in a statement.
Persons: Joe Biden, Xi Jinping, Biden, Xi, Mike Odeh, Jake Sullivan, Washington, General Merrick Garland, Andres Manuel Lopez Obrador, Alicia Barcena, Brooke Jenkins, Mayor London Breed, Breed, Michael Martina, Sayantani Ghosh, Michelle Nichols, Josie Kao Organizations: Customs, Port, U.S . Customs, FRANCISCO, U.S, Economic Cooperation, United, city's, APEC, U.S . Centers for Disease Control, Prevention, . National, Washington, Biden, Institute of Forensic Science, China's Ministry of Public Security, Commerce, San Francisco . Mexican Foreign, Mayor London, Thomson Locations: Arizona, Mexico, Nogales , Arizona, U.S, Asia, Pacific, San Francisco, United States, China, CHINA, MEXICO, Washington, San Francisco . Mexican, Francisco's
[1/5] Protesters taunt people in suit, during a rally in opposition to the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 15, 2023. REUTERS/Loren Elliott Acquire Licensing RightsSAN FRANCISCO, Nov 15 (Reuters) - Protesters took to the streets of San Francisco early on Wednesday morning ahead of a meeting between U.S. President Joe Biden and Chinese President Xi Jinping, obstructing some entrances to the APEC conference. Global leaders and CEOs of major U.S. corporations will all be at the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, offering tempting targets to protest. Protesters supporting spiritual group Falun Gong, which is banned in China, lined motorcade entry points into the convention center area. Supporters of China also turned out near where Biden and Xi will meet, waving Chinese and U.S. flags as well as posters with both flags together.
Persons: Loren Elliott, Joe Biden, Xi Jinping, Biden, Pema Doma, Xi, , Gong, Xi's, Ann Saphir, Peter Henderson, Josie Kao Organizations: Economic Cooperation, REUTERS, FRANCISCO, APEC, Global, Asia Pacific Economic Cooperation, Police, Chinese Communist Party, U.S . Department of Homeland Security, U.S, Secret Service, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, Israel, Tibet, United States, China, Francisco
[1/7] Chinese President Xi Jinping arrives at San Francisco International Airport to attend the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S., November 14, 2023. He is due to meet U.S. President Joe Biden at an undisclosed location in the San Francisco Bay Area on Wednesday morning and then attend the annual summit of the Asia Pacific Economic Cooperation (APEC) forum. U.S. Trade Representative Katherine Tai, who with Blinken opened the APEC ministerial session, said the San Francisco meeting came at a time of "great uncertainty and challenges" for the region. As Biden arrived in San Francisco, shortly before Xi was due to land, dueling demonstrators greeted the U.S. president's motorcade from the airport. Earlier on Tuesday, a small aircraft flew circles over the APEC summit venue in downtown San Francisco, trailing a banner that read "END CCP FREE CHINA FREE HK FREE TIBET FREE UIGHUR," referring to China's treatment of Uyghurs, which the Biden administration calls "genocide."
Persons: Xi Jinping, Brittany Hosea, Antony Blinken, Xi, Joe Biden, Biden, Janet Yellen, China Nicholas Burns, Blinken, Katherine Tai, John Kirby, Nancy Pelosi, Michael Martina, Ann Saphir, David Brunnstrom, Trevor Hunnicutt, David Lawder, Chris Reese, Josie Kao Organizations: San Francisco International Airport, APEC, Economic Cooperation, REUTERS, FRANCISCO, U.S, San Francisco Bay Area, Asia Pacific Economic Cooperation, Air China, . Trade, San, White House, Biden, China, Chinese Communist Party, Thomson Locations: Asia, San Francisco , California, U.S, United States, Beijing, San Francisco Bay, Air, China, Washington, San Francisco, Israel, Gaza, Ukraine, Taiwan, Tibet, Hong Kong, CHINA, TIBET
Experts say Trudeau's carbon pricing scheme, known as the carbon tax, works well and cannot be easily replaced. Even the left-leaning New Democrats, who support Trudeau's government in parliament and have previously defended the carbon tax, are calling for the exemption. Analysts said the carbon tax carve-out is another example of inconsistent policy. CARBON TAX REBATEThe carbon tax is intended to discourage use of fossil fuels and accelerate a switch to clean energy, but the recent carve-out underlines how fragile climate policy is in the face of pressing political calculations. In September, Bank of Canada governor Tiff Macklem said the carbon tax contributes about 0.15 percentage points to the inflation rate, which was 3.8% that month.
Persons: Justin Trudeau, Jessica Lee, Richard Brooks, Brooke, Brooks, Chris Severson, Baker, Pierre Poilievre, clobber Trudeau, Shachi Kurl, Angus Reid, Kurl, Jonathan Wilkinson, Wilkinson, Macklem, Trudeau, Robert Asselin, Asselin, Nia Williams, Steve Scherer, Josie Kao Organizations: Canada's, Ontario Chamber, Economic Summit, REUTERS, Rights Ottawa, Canadian, Provincial, New Democrats, Pembina Institute, Liberal, Conservative, Angus Reid Institute, Atlantic, Natural Resources, Reuters, Bank of Canada, Business Council of Canada, The Business Council, Thomson Locations: Toronto , Ontario, Canada, Ottawa
A banknote of Japanese yen is seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration Acquire Licensing RightsNov 14 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The policy pressures facing Japanese authorities are intense, and the potential risks to financial markets if policymakers misstep are growing. After battling against deflation for decades, the Bank of Japan is moving away from ultra-loose policy. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Florence Lo, Jamie McGeever, Xi Jinping's, Joe Biden, Shunichi Suzuki, Goldman Sachs, Deutsche Bank's George Saravelos, Xi Jinping, Fed's Jefferson, Barr, Mester, Josie Kao Organizations: REUTERS, Economic Cooperation, U.S, Japanese Finance, Bank of, Deutsche Bank's, Mitsubishi UFJ, Sumitomo Mitsui Financial Group, Thomson, Reuters Locations: Tokyo, San Francisco, Asia, Bank of Japan, Japan, India
Kristine Frøseth, Alisha Boe, Josie Totah, Aubri Ibrag and Imogen Waterhouse Photo: Apple TV+If “The Buccaneers” is what it takes to keep Edith Wharton in circulation among a new generation of readers, it may be worth the price. On the downside, people will think “The Buccaneers” has something to do with Edith Wharton. The Buccaneers Wednesday, Apple TV+Wharton—chronicler of robber-baron America, genius of the social critique, stylist extraordinaire—had left four-fifths of “The Buccaneers” behind when she died in 1937. It was published in 1938, unfinished; Marion Mainwaring’s “completed” version appeared in 1993, to a predictable mix of bouquets and outrage. The version materializing on Apple TV+ is the interpretation of series creator Katherine Jakeways (the director is Susanna White ) and will have hardcore Wharton-ites squealing louder than the bevy of batty beauties exported from New York for the London Season in order to find themselves titled English husbands who need American money.
Persons: Kristine Frøseth, Alisha Boe, Josie Totah, Aubri Ibrag, Imogen Waterhouse, Edith Wharton, Wharton, America, extraordinaire —, Marion Mainwaring’s “, Katherine Jakeways, Susanna White Organizations: Apple, Buccaneers, Wharton, London Locations: batty, New York
U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. "This is going to overshadow anything that happens at APEC," said Oriana Skylar Mastro, a Stanford University China expert. Biden will welcome other APEC leaders - including from Vietnam, the Philippines, Canada and Mexico - and both he and Xi will be playing to the gallery. "Our door is open to any country or economy facing PRC (People's Republic of China) economic coercive threats," Melanie Hart, a senior China policy adviser at the State Department, said on Monday. That would include "companies flocking to meet with Xi Jinping and have dinner with him," he said.
Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Oriana Skylar Mastro, Xi, Biden, Victor Cha, Washington, Matthew Goodman, Goodman, Janet Yellen, Melanie Hart, Donald Trump, Jude Blanchette, Michael Martina, David Brunnstrom, Trevor Hunnicutt, Laurie Chen, Michelle Nichols, Josie Kao Organizations: REUTERS, Rights, San, Economic Cooperation, U.S, APEC, Stanford University China, Biden, Beijing, Washington's Center, Strategic, International Studies, China, Protesters, White, Treasury, Washington, People's, State Department, Pew Research, Prosperity, CSIS, Thomson Locations: Bali , Indonesia, San Francisco, Asia, Bali, Beijing, China, China . U.S, Washington, Taiwan, South China, Vietnam, Philippines, Canada, Mexico, U.S, People's Republic of China
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