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One of the world’s oldest synagogues reopens in Egypt
  + stars: | 2023-09-04 | by ( Aimee Look | ) edition.cnn.com   time to read: +3 min
CNN —Egypt has reopened one of the world’s oldest synagogues and home to the most significant single trove of Jewish manuscripts. A copy of the "Torah scrolls" at the newly restored Ben Ezra Synagogue, Egypt's oldest Jewish temple, after decade-long restoration, in old Cairo, Egypt. It awarded Drops of Milk a grant in 2017 to fund their restoration efforts of the remaining synagogues in Egypt, including Ben Ezra, Bertini said. The Ark and "Menorah" at the newly restored Ben Ezra Synagogue, in old Cairo, Egypt. The "Bimah," also known in Arabic as al-minbar, is pictured at the newly restored Ben Ezra Synagogue, in old Cairo, Egypt.
Persons: Ben Ezra, Mostafa Madbouly, Abraham ibn Ezra, Moses Maimonides, Maimonides, Moses, Amr Abdallah Dalsh, Egypt’s MOTA, Louise Bertini, ARCE, Bertini, “ There’s, Abel Fattah al, Sisi, Khaled Fahmy Organizations: CNN, Ministry of Tourism and Antiquities, Cambridge University Library, Milk Association, American Research Centre, UNESCO, Heritage Locations: Egypt, Egypt's, Cairo
On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.
Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, , Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, , China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai
The Chinese military regularly sends ships and aircraft through the channel, Taiwan's defence ministry has said. The Chinese Embassy in Manila did not immediately respond to a request for comment on the proposed port in Basco. Cayco confirmed the visit, saying they came "one time to assess" the proposed alternative port. Marcos has said the bases under the Enhanced Defence Cooperation Agreement (EDCA) could prove useful if China attacked Taiwan. Jay Batongbacal, maritime affairs expert at the University of the Philippines, said the proposed port "would certainly be needed for the island’s defence in a worst case scenario."
Persons: Marvin Licudine, Andres Centino, Heather Variava, Noel Beleran, Eric Austin, Marilou Cayco, Batanes, Cayco, Kanishka, MARCOS, Rodrigo Duterte, Ferdinand Marcos Jr, Marcos, Jay Batongbacal, Poppy McPherson, Karen Lema, Raju Gopalakrishnan Organizations: Philippine Military, Embassy, Staff, Education, U.S, Reuters, China, Washington, U.S . Army, ., Enhanced, Security, University of the, Thomson Locations: Philippines, Philippine, U.S, MANILA, Taiwan . U.S, Taiwan, China, Washington, Pacific, Manila, Basco, Asia, Beijing, Batanes, South China, University of the Philippines, Luzon
Over 40 countries are interested in joining Brazil, Russia, India, China, and South Africa in the BRICS bloc, Reuters reported. However, the BRICS bloc faces challenges from rivalry between China and India, and Russia's war in Ukraine. South Africa is hosting the 15th summit of the BRICS bloc in Johannesburg from Tuesday to Thursday. Still, the BRICS group does face challenges, including the long-standing rivalry between China and India, China's economic slowdown, and Russia's war in Ukraine. The bloc was formed in 2009 with its first summit, and South Africa joined in 2011, making the grouping BRICS.
Persons: South Africa hasn't, Rob Davies, South, It's, Evan Freidin, Vladimir Putin, Putin —, Goldman Sachs, Jim O'Neill, dollarization Organizations: Reuters, Service, South, United, Australian Institute of International Affairs, Criminal, South Africa, New Development Bank Locations: Brazil, Russia, India, China, South Africa, Ukraine, Wall, Silicon, Johannesburg, Iran, Venezuela, Southeast, Indonesia, Saudi Arabia, United Arab Emirates, Russian, Shanghai, Africa's
Not long after Shen Peng’s grandfather died, his grandmother visited the site of the house where she and her husband once lived. The government had demolished the house, in northern China, nearly 15 years before as part of a redevelopment project. Mr. Shen wondered: Could he help her relive her memories another way? Finally, Mr. Shen, now 31, presented his grandmother with a surprise — a handcrafted 1:20 scale replica of her old home. Mr. Shen had even traveled to the site of the old house to better recreate the fragment of brick wall that still remained.
Persons: Shen Peng’s, Shen Locations: China
In a poll, 77.6% of Ukrainians said Zelenskyy was responsible for government corruption. It came out as Zelenskyy fired all the heads of Ukraine's regional military committees. The poll came out as President Volodymyr Zelenskyy launched an investigation into bribery related to military recruitment. Zelenskyy: Recruitment bribes at a time of war is 'high treason'On Friday, Zelenskyy said he dismissed the heads of Ukraine's regional military committees as investigations into corruption in Ukraine continued, particularly in its armed-forces recruitment. "We are dismissing all regional military commissars," a statement on Zelenskyy's official Telegram channel said.
Persons: Zelenskyy, Volodymyr Zelenskyy, Petro Burkovskyi, Burkovskyi, Joe Biden Organizations: Service, Russia, Kyiv International Institute of Sociology, US Agency for International, Ilko, Democratic, Foundation, commissars, BBC News, National Agency on Corruption Prevention, Newsweek Locations: Ukraine, Wall, Silicon, Spain
The latest must-have amenity in luxury New York City apartment buildings: a designated coworking space for remote workers. Apartment developers are building out private offices, conference rooms and even podcasting booths to capitalize on a lingering work-from-home trend. "A coworking space was actually the top of my list when I was touring," said Lauren Wells, a fashion designer and a resident at 420 Kent in Williamsburg. "When I need to meet with a customer for work, I can just bring up some of my work create a little space up there." Rent at each of the luxury rental buildings can run up to $7,950 per month for a one-bedroom apartment, while a studio for sale can cost nearly $1 million.
Persons: Matthew Villetto, Douglas, Lauren Wells Organizations: Pew Research Center, Development, Financial District Locations: New York City, Kent, Williamsburg, East Harlem, Washington, Tribeca
Saudi’s swelling fund has scope for foreign binge
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Aug 7 (Reuters Breakingviews) - Saudi Arabia’s big sovereign wealth fund is getting bigger. The Public Investment Fund’s assets under management swelled to 2.23 trillion riyals ($603 billion) in 2022 from 1.98 trillion riyals the year before. PIF’s international assets, which range from UK soccer club Newcastle United to struggling carmaker Lucid (LCID.O), shrank from 576 to 512 billion riyals. Still, PIF has big ambitions: it hopes to boost its total assets to a whopping 4 trillion riyals by 2025, of which 24% will be international. If so, its foreign assets could yet double to 960 billion riyals, according to Breakingviews calculations, making it a key player in global finance.
Persons: Saudi Crown Prince Mohammed Bin Salman, PIF, Neil Unmack, headwinds, Lisa Jucca, Pranav Kiran Organizations: Reuters, Investment, Saudi, Saudi Crown, Newcastle United, Twitter, Adidas, InBev, Thomson Locations: Saudi, Riyadh, Saudi Aramco, Neom
To protect its fragile ecosystem and stunning architecture, Venice has taken bold steps. In recent years, it has banned cruise ships from its lagoon and built sea walls to keep out high tides. Still, the city remains under serious threat, United Nations experts warned this week. The United Nations’ culture agency, UNESCO, proposed in a document released on Monday to include Venice and its lagoon on its World Heritage in Danger list. “Venice has been a more fragile city than the others,” he said.
Persons: Renato Brunetta, Organizations: United, United Nations, UNESCO Locations: Venice, United Nations, Italy
Still, some open government and civil rights advocates are already raising concerns that the government's move toward using AI to help address FOIA problems may create new ones. So far, government agencies haven't widely disclosed to the public what kinds of AI tools are being used, and in what fashion, Marshall said. But experts widely agree the FOIA process must be modernized and fixed, as requests can sometimes take months, even years, to fulfill. An increasing number of requesters have turned to the courts for help in prying records loose in a timely manner. The state department is now testing two AI models to help process FOIA requests, Stein said.
Persons: , Jason R, Adam Marshall, Marshall, they're, Michael Sarich, Eric F, Stein, that's, There's, Bradford Brown, Brown, Mitre, Baron, Clinton, Brett Max Kaufman Organizations: State Department, Justice Department, Centers for Disease Control, NBC News, University of Maryland, Freedom, Press, Justice Department's, Information, Department of Veterans Affairs, Justice, CDC, NBC, Mitre Corp, National Archives, Records Administration, Mitre Locations:
At a 15th-century palace that is steps from the Vatican and set to become a luxury hotel, archaeologists did what they always do in Rome, an ancient city thick with buried treasures. Rome is the gift that keeps on giving to archaeologists, though no one knew what would come from this preliminary exploration, a familiar routine at Italian building sites and development projects. Although chronicled by Roman-era historians, the theater had never emerged from Rome’s archaeologically rich underbelly. “It’s been stupendous, wonderful, amazing,” said Marzia Di Mento, the archaeologist who oversaw the dig at the palace, the Palazzo della Rovere. “It’s what every archaeologist would like to do.”
Persons: Nero, Roman, It’s, , Marzia Di Mento, Locations: Rome
The team is pumping between 4,000 and 5,000 barrels of oil every hour, and has so far transferred more than 120,000 barrels to the replacement vessel carrying the offloaded oil, Gressly said. A potential spill from this vessel would be enough to make it the fifth largest oil spill from a tanker in history, a UN website said. The Red Sea is a vital strategic waterway for global trade. Video Ad Feedback Oil being removed from tanker near Yemen in Red Sea 02:29 - Source: CNNAfter The Safer is emptied, it must then be cleaned to ensure no oil residue is left, Gressly said. The Red Sea fisheries in Yemen could be “almost completely wiped out,” Rehkopf added.
Persons: CNN —, , Yemen David Gressly, SMIT, Gressly, Bab, ” Gressly, , ” David Rehkopf, ” Rehkopf, that’s, , Ahmed Nagi, ” Nagi, Nagi Organizations: CNN, United, Endeavor, UN, Yemen’s, HSA, FSO, Exxon, US Energy Information Administration, Systems, Stanford University School of Medicine, Stanford University, Group Locations: Yemen, United Nations, Suez, Red, Alaska, Africa, Asia, Persian, Saudi, Stanford University School of Medicine . Yemen, Saudi Arabia, Eritrea, Brussels, Yemeni, Hodeidah
KUWAIT CITY, July 16 (Reuters) - Kuwait plans to establish a new sovereign fund to develop its local economy, spearhead mega projects, and attract funds from foreign investors and the private sector, according to a government plan seen by Reuters on Sunday. The government has tasked the Ministry of Finance and the Kuwait Investment Authority (KIA) with studying plans for the proposed fund, dubbed Ciyada, Arabic for sovereign, the document says. Ciyada Development Fund will be used to spearhead domestic investments, intended to fuel economic development and diversify Kuwait's economy, the document says. Ciyada would accelerate Kuwait's economic growth, promote transformation and progress in various fields of development, through strategic planning and implementation of major development projects, the document says. Abu Dhabi for instance in 2002 created Mubadala Development Co to diversify the emirate's economy and accelerate development.
Persons: Mubadala, Prince Mohammed Bin Salman's, Ahmed Hagagy, Hadeel Al Sayegh, David Holmes Organizations: KUWAIT CITY, Reuters, Sunday, Ministry of Finance, Kuwait Investment Authority, Ciyada, Kuwait Investment Office, Reserve Fund, Fund, Government, International Petroleum Investment Co, Mubadala, Saudi Arabia's Public Investment Fund, Thomson Locations: KUWAIT, Kuwait, Abu Dhabi
TOKYO, July 15 (Reuters) - Japan and Saudi Arabia are expected to agree on joint investment to develop rare earth resources during Prime Minister Fumio Kishida's visit to the Middle East starting Sunday, Nikkei reported. Kishida plans to visit oil producers Saudi Arabia and United Arab Emirates, as well as liquefied natural gas producer Qatar - the three major energy suppliers to resources-poor Japan - on July 16-18. Rare earth resources are essential for decarbonisation and production of electric vehicles in particular as Japan aims to be carbon-neutral by 2050 and Saudi Arabia is also actively trying to diversify its oil-reliant economy. According to Nikkei on Saturday, Kishida and Saudi Crown Prince Mohammed bin Salman are set to agree on rare earth resources cooperation on Sunday to jointly explore development projects in other countries. Japan will also help to speed-up development of resources currently being explored in Saudi Arabia and namely copper, iron and zinc, Nikkei added.
Persons: Fumio Kishida's, Kishida, Saudi Crown Prince Mohammed bin Salman, Katya Golubkova, Michael Perry Organizations: East, Nikkei, United, Saudi Crown, Thomson Locations: TOKYO, Japan, Saudi Arabia, United Arab Emirates, Qatar, Kishida
London/Berlin CNN —Germany announced Thursday that it would reduce its dependence on China in “critical sectors” including medicine, lithium batteries used in electric cars and elements essential to chipmaking. The government published its first ever “Strategy on China,” a 40-page document that highlights the tightrope Berlin must walk in managing its dependence on the world’s second-largest economy amid growing criticism of Beijing’s human rights record and attitude towards international law. China is Germany’s most important trading partner, with imports and exports between the two nations reaching nearly €300 billion ($335 billion) in 2022, according to the government. China is a crucial partner in tackling climate change, pandemics and sustainable development, the strategy paper added. China is a key market for several major German companies, including Volkswagen (VLKAF) and BMW, and the government said it planned to hold talks with firms “particularly exposed to China” with a view to “identifying concentration risks.”
Persons: Berlin CNN —, , Chancellor Olaf Scholz’s, ” Scholz, Olaf Scholz, Germany Heiko Becker Organizations: Berlin CNN, Siemens, Reuters, Volkswagen, BMW Locations: Berlin, China, , Beijing, Germany, overdependent, EU, Bavaria
[1/4] Lawrence Ho, Chief Executive Officer and Chairman of Melco Resorts and Entertainment, speaks during a press conference at the City of Dreams Mediterranean, Europe's first integrated resort, outside Limassol, Cyprus July 11, 2023. REUTERS/Yiannis KourtoglouLIMASSOL, Cyprus July 11 (Reuters) - Asian casino operator Melco Resorts & Entertainment has launched an entertainment and gaming complex in Cyprus, marking its first foray into Europe as it seeks to tap new markets. The "City of Dreams Mediterranean" had total investment of more than 600 million euros ($659.46 million) making it one of the largest development projects of its kind undertaken in Cyprus. "City of Dreams Mediterranean ..allows Cyprus to unlock new markets in the region and beyond," said Lawrence Ho, chairman and CEO of Melco. Ho said Melco was now focused on fully developing the Cyprus project before considering whether to fan out to the rest of Europe.
Persons: Lawrence Ho, Ho, Melco, Michele Kambas, Sharon Singleton Organizations: Melco Resorts, Entertainment, REUTERS, Kourtoglou, Reuters, FIFA, Thomson Locations: Limassol, Cyprus, Kourtoglou LIMASSOL, Europe, Macau, Manila, Philippines, Israel, North Africa
WASHINGTON, July 10 (Reuters) - The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender's president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. Banga announced the initiative at a global finance summit in Paris last month alongside Mark Carney, the U.N. special envoy on climate action, and Shriti Vadera, chair of Prudential Plc (PRU.L). The World Bank and the CEOs will work "to develop, test, implement and ultimately scale financing structures that can most effectively mobilize private capital," Carney said in a statement. He said in a statement that the Private Investment Lab CEOs were a "crucial piece of the puzzle" to devise ways to pull more private sector investment into the intertwined challenges of poverty, climate and fragility. Reporting by David Lawder; Editing by Will Dunham and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Ajay Banga, Joe Biden, King Charles . Banga, Mark Carney, Shriti Vadera, Carney, Thomas Buberl, Larry Fink, BlackRock, Noel Quinn, Hendrik du Toit, Jessica Tan, Sim Tshabalala, Bill Winters, Dilhan, Mark Gallogly, Banga, David Lawder, Will Dunham, David Gregorio Our Organizations: Bank, Investment, U.S, Prudential Plc, World Bank, AXA, HSBC, Shemara, Mitsubishi UFJ Financial, Ping An, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy, Tata Sons, Temasek, Cairns, Mastercard, Private Investment, Thomson Locations: Britain, Paris, Macquarie, Banga
BUENOS AIRES, June 28 (Reuters) - The World Bank and the Inter-American Development Bank (IDB) will provide Argentina with funds totaling over $1 billion, the South American nation's economy ministry said on Wednesday, adding these should go toward development and energy projects. The move comes as cash-strapped Argentina battles to rework its debts and comply with financing programs with other international financial bodies, such as a $44 billion loan program with the International Monetary Fund (IMF). Argentina's economy ministry said the World Bank was giving $900 million in financing for development projects in clean energy, health care and climate resilient infrastructure. The country, along with Uruguay, was also awarded with a $400 million credit program from IDB to improve the supplies at the Salto Grande Hydroelectric Complex and extend the facility's "useful" lifespan, the ministry added in another statement. Reporting by Nicolas Misculin and Carolina Pulice; Editing by Anthony Esposito and Sarah MorlandOur Standards: The Thomson Reuters Trust Principles.
Persons: Nicolas Misculin, Anthony Esposito, Sarah Morland Organizations: World Bank, Inter, American Development Bank, International Monetary Fund, IDB, Thomson Locations: BUENOS AIRES, Argentina, Uruguay, Salto, Carolina
Argentina announces over $1 bln in credit from World Bank, IDB
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
BUENOS AIRES, June 28 (Reuters) - The World Bank and the Inter-American Development Bank (IDB) will provide Argentina with funds totaling over $1 billion, the South American nation's economy ministry said on Wednesday, adding these should go toward development and energy projects. Argentina's economy ministry said the World Bank was giving $900 million in financing for development projects in clean energy, health care and climate resilient infrastructure. The country, along with Uruguay, was also awarded with a $400 million credit program from IDB to improve the supplies at the Salto Grande Hydroelectric Complex and extend the facility's "useful" lifespan, the ministry added in another statement. The funds come as Argentina faces a major challenge to bring down a 100%-plus inflation rate, replenish scarce foreign currency reserves and alleviate social issues including four-in-ten people living in poverty. Reporting by Nicolas Misculin and Carolina Pulice; Editing by Anthony Esposito and Sarah MorlandOur Standards: The Thomson Reuters Trust Principles.
Persons: Nicolas Misculin, Anthony Esposito, Sarah Morland Organizations: World Bank, Inter, American Development Bank, International Monetary Fund, IDB, Thomson Locations: BUENOS AIRES, Argentina, Uruguay, Salto, Carolina
The development, from Lithuanian infrastructure firm Tech Zity, is inspired by British renovation projects like the Battersea Power Station and Tate Modern art gallery. Tech ZityLithuania is building a huge tech campus — Europe's largest — in the capital of Vilnius, as it looks to become the new tech capital of the Baltics. Lithuania's growing tech sceneLithuania's tech ecosystem has grown dramatically over the past decade, Darius Zakaitis, Tech Zity's founder, told CNBC. Tech Zity manages three tech campuses in Vilnius, including Tech Park, Tech Loft, and Tech Spa, which are home to companies like Google, Bored Panda and Kilo Health. Currently occupying 20,000 square meters, Tech Zity plans to reach 80,000 square meters over time, considering new campuses, existing locations, and other projects.
Persons: Darius Zakaitis, Zakaitis, Tech Zity, Daniel Ek, Tom, Kevin, Vineted Organizations: Tech, Battersea Power, Tate, Tech Zity, New, Vilnius, Tech Zity's, CNBC, Nord, Google, Kilo Health, Tech Zity U.S, Netflix, Spotify, Nord Security, Summit, Accel Locations: Lithuanian, Battersea, Tech Zity Lithuania, Vilnius, Baltics, Lithuania, Paris, Europe, Baltic, Nord, France, Germany, Lisbon, Portugal, EQT, Russia
Leaders are set to back a push for multilateral development banks like the World Bank to put more capital at risk to boost lending, according to a draft summit statement seen by Reuters. Citing the war in Ukraine, climate crisis, a fledgling pandemic recovery, widening disparity and declining progress, Banga said it was time the World Bank adopted a new vision. The summit aims to create multifaceted roadmaps that can be used over the next 18-24 months, ranging from debt relief to climate finance. Wealthy nations have yet to come good on climate finance that they promised as part of a past pledge to mobilize $100 billion a year, a key stumbling block at global climate talks. Though binding decisions are not expected, officials involved in the summit's planning said some strong commitments should be made about financing poor countries.
Persons: Ajay Banga, Banga, Mia Mottley, John Irish, Philippa Fletcher Organizations: Glasgow, Summit, New Global Financial, World Bank, United Nations, Bank, Reuters, Barbados, Bridgetown Initiative, Bretton, International Monetary Fund, International Maritime Organization, Thomson Locations: Paris, France, PARIS, Africa, Ukraine, Banga, Bridgetown, French
Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. BEIJING — Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The strategic investment ultimately gives the fund, CYVN Holdings, a 7% stake in Nio. Nio earlier this month said lackluster car deliveries was affecting cash flow, and that it was delaying capital expenditure and some research and development projects. Nio disclosed cash and cash equivalents of 14.76 billion yuan ($2.07 billion) as of March, below what it disclosed for the end of 2021 and 2022.
Persons: Nio's ET5, Nio Organizations: Central China International, CYVN Holdings Locations: Wuhan, China, BEIJING, Abu Dhabi, Nio, U.S
The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Inflation dipped below 10% in April but continues to exceed consensus forecasts and remains significantly higher than the Bank of England 's 2% target. The Consumer Prices Index including owner occupiers' housing costs (CPIH), the ONS' preferred metric, rose by 7.9% in the 12 months to May 2023, up from 7.8% in April. LONDON — U.K. inflation came in hotter than expected in May, as consumer prices rose by an annual 8.7%, unchanged from the previous month. However, he said the Bank will now "feel like it has no choice, especially with core inflation now rising again."
Persons: Rishi Sunak, Jeremy Hunt, Marcus Brookes, Brookes, Thiru Organizations: OECD, Bank of England, ONS, Office, National Statistics, Reuters, LONDON, Organization, Economic Cooperation, Development, CPI, Quilter Investors, Bank Locations: Sheffield
A member of the public walks through heavy rain near the Bank of England in May 2023. LONDON — The Bank of England is "caught between a rock and a hard place" as it prepares for a key monetary policy decision against a backdrop of sticky inflation and a tight labor market, economists say. May's consumer price index figure will be published Wednesday morning, the day before the Bank's Monetary Policy Committee (MPC) announces its next move on interest rates. Data points since the last meeting have indicated persistent tightness in the labor market and strong underlying inflationary pressures, alongside mixed but surprisingly resilient growth momentum. Economists therefore now expect the Bank to prolong its tightening cycle and lift interest rates to a higher level than previously anticipated.
Organizations: Bank of England, LONDON, Organization, Economic Cooperation, Development
The world’s most eco-conscious airlines
  + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com   time to read: +12 min
CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.
Persons: , Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, , Zheng, , that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada
Total: 25