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☆ The world is turning against Israel’s war in Gaza – and many Israelis don’t understand why
▼ + stars: | 2023-11-07 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +12 min

The bands symbolize solidarity with the roughly 240 hostages held by Hamas in Gaza. It’s a feeling that cuts across the deep divisions within Israeli society: the world does not understand us. In the early days after the Hamas terror attack, many of the hostages’ families were reluctant to criticize the government of Netanyahu. Public displays of solidarity with Gaza or criticism of Israel’s military response are few and far between. “This conflict (between Israel and the Palestinians) isn’t black and white, but this war (with Hamas) is,” he added.

Persons: Jerusalem CNN — Yoav Peled, Peled, “, Benjamin Netanyahu, Dan Kitwood, Israel, Sigal Itzahak, Itzahak, It’s, ” Itzahak, Anger, Netanyahu, there’s, Benny Zweig, ”, Zweig, “ You’re, ” Zweig, Ivana Kottasova, CNN It’s, Ruby Chen, Itay, Chen, Gilad Shalit, Yahya Sinwar, “ I’m, –, Israel “, I’ve, ” Yonatan Rapaport, Rapaport, Yonatan, ” Rapaport, Netanyahu’s, “ Lu Yehi, Naomi Shemer Organizations: Jerusalem CNN, Pentagon, CNN, Washington DC, Cairo –, Israeli, Israel Defense Forces, IDF, Scout, Palestinian Prisoner’s Society, Tel Aviv University, Hamas, Israel Police, Zion, Israeli Navy, West Bank, Beatles Locations: Tel Aviv, Jerusalem, Gaza, Israel’s, –, Israel, London, Washington, Berlin, Paris, Amman, Cairo, HaKirya, Qatar, Zion

☆ The US Army needs tanks to win a war in the Pacific, but it knows the Abrams isn't the right tank for the job
▼ + stars: | 2023-11-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

But it also knows that rivals are building weapons that are potent against the aging Abrams tank. The Army's main battle tank, the M1 Abrams, now faces two main problems. End of the Abrams eraA US Abrams tank that Iraqi officials said was destroyed in fighting south of Baghdad in April 2003. Threats to the Abrams tank's battlefield dominance, according to the Army Science Board. The Army Science BoardThe Army Science Board assessed various alternatives.

Persons: Abrams, —, China —, Eddie McCrossan, M1A1 Abrams, Scott Nelson, Charles Flynn, Bradley, KARIM SAHIB, Michael Peck Organizations: US Army, Service, Army, Pacific, Rivals, M1 Abrams, Army Science Board, ., Logistics, US Defense Department, Eddie McCrossan Tanks, Nazi, US Army Pacific, Board, for Army, sustainment, China, Abrams, Getty, The Army, Booker, Defense, Foreign Policy, Twitter, LinkedIn Locations: Europe, Asia, Russia, China, Fort Knox, Kentucky, Britain, America, Russo, Ukraine, East Asia, Japan, Malay, Korean, Vietnam, Kuwaiti, Fulda, East, West Germany, Baghdad, AFP, Pacific, Forbes

☆ The world's two largest memory chipmakers signal demand weakness may have bottomed out
▼ + stars: | 2023-11-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The recent earnings calls of the world's two largest memory chipmakers signaled that weak demand may have finally bottomed out. This followed a 85.15% drop in first quarter operating profit from the previous quarter and a small 4.68% improvement in second-quarter operating profit from the first quarter. Such memory chips are found in consumer devices such as laptops and smartphones. During the pandemic, companies stockpiled memory chips to meet record electronics demand, but were left with excess inventory when that pressure eased. Inflation has caused consumers to rein in spending and cut back on purchases of consumer devices, driving down demand and prices for memory chips.

Persons: James Lim, Lim, Samsung Organizations: SK Hynix, Dalton Investments, CNBC, South, U.S, Micron

☆ DouYu CEO Chen Shaojie: Yet another CEO is missing in China
▼ + stars: | 2023-11-07 | by ( Manav Tanneeru | Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —The CEO of a Chinese live-streaming service backed by Tencent has become the latest high-flying executive to fall mysteriously silent in the world’s second largest economy. According to a Monday report from the Cover News, a state-owned media outlet, DouYu (DOYU) CEO Chen Shaojie has been unreachable in recent days. It also cited unconfirmed reports that Chen was being investigated and had been missing for nearly three weeks. DouYu listed on the Nasdaq in 2019, where it raised about $775 million in one of the largest share offerings by a Chinese company on Wall Street that year. Chen’s unexplained absence comes as China continues an anti-corruption crackdown that has ensnared top executives, particularly in the finance and tech sectors.

Persons: Tencent, Chen Shaojie, Chen, DouYu, Zhang Hongli, Zhang, Bao Fan, Bao, haven’t, Xu Jiayin Organizations: New Delhi CNN, CNN, Nasdaq, Wall, Industrial, Commercial Bank of China, Central Commission, Inspection, Evergrande Locations: China, New Delhi, Hong Kong

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Federal Reserve Bank of Minneapolis President Neel Kashkari doused hopes of early rate cuts late on Monday, saying the central bank likely has more work ahead of it to control inflation. Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank's interest rate path. Uncertainty about the timing of potential rate cuts and some dismal corporate forecasts for the fourth quarter have cast a doubt on whether there could be a year-end rally for stocks. ET, Dow e-minis were down 106 points, or 0.31%, S&P 500 e-minis were down 14.5 points, or 0.33%, and Nasdaq 100 e-minis were down 43.25 points, or 0.28%.

Persons: Brendan McDermid, Neel Kashkari, Christopher Waller, John Williams, Jerome Powell's, Ipek Ozkardeskaya, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal Reserve, Federal Reserve Bank of Minneapolis, Treasury, U.S, Fed, New York Fed, Swissquote Bank, EBay, Dow e, Exxon Mobil, Chevron, Occidental Petroleum, Intel, Thomson Locations: New York City, U.S, China

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

☆ Proxy firm ISS recommends vote in favour of Brookfield-led consortium's Origin Energy bid
▼ + stars: | 2023-11-06 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 7 (Reuters) - Proxy advisory firm Institutional Shareholder Services (ISS) has recommended investors vote in favour of a Brookfield-led consortium's $10.5 billion bid for Australia's Origin Energy (ORG.AX). Brookfield and EIG Partners has offered A$9.53 per share for Origin Energy. AustralianSuper, which holds a 15.03% stake, has said it believes the consortium's bid substantially "undervalues" Origin and will vote against the offer. Brookfield will take ownership of Origin's energy markets business if the vote is in favour of the bid, while EIG's MidOcean Energy will gain a 27.5% stake in Australia Pacific LNG (APLNG). In that scenario, EIG will own Origin and sell the energy markets business to Brookfield, meaning remaining shareholders, including AustralianSuper, will own only APLNG.

Persons: Dado Ruvic, Scott Murdoch, Paul Simao Organizations: Brookfield, REUTERS, Rights, Services, Origin Energy, EIG Partners, Shareholders, Energy, Australia Pacific LNG, Thomson Locations: Brookfield, Australia, Sydney

☆ Five graphics that show some of the biggest threats facing the natural world
▼ + stars: | 2023-11-06 | by ( Flo Cornall | Woojin Lee | ) edition.cnn.com time to read: +5 min

In a series of graphics, we take a look at some of the biggest environmental challenges facing our planet. Global wildlife populations plummeted by 69% on average between 1970 and 2018, according to WWF’s Living Planet Report 2022. Swipe to see more Forest loss Note: These figures do not include regrowth or regeneration of forest. But many are facing threats from pesticides and crop monocultures, as well as the destruction of their habitats. Swipe to see more Bird populations Source: BirdlifeDespite the scale of the challenges, there are countless groups and individuals committed to protecting our planet.

Persons: it’s Organizations: CNN, Resources Institute, Global, UN, University of Sheffield, UN Food and Agriculture Organization, British Trust for Ornithology, Birdlife Locations: California, Hawaii, India

☆ Bain close to buying consulting firm Guidehouse in $5 bln deal- WSJ
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/File photo Acquire Licensing RightsNov 5 (Reuters) - Bain Capital is close to acquiring Guidehouse, a consulting firm that advises government organizations and businesses, in a deal valuing it at $5.3 billion including debt, the Wall Street Journal reported on Sunday. Bain Capital declined to comment when contacted by Reuters, while Guidehouse did not immediately respond to a request for comment. Private equity firm Veritas Capital acquired the U.S. public sector business of accounting firm PricewaterhouseCoopers in 2018 and rebranded it as Guidehouse. Reporting by Devika Nair in Bengaluru; Editing by Rashmi Aich and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kyung, Guidehouse, Devika Nair, Rashmi Aich, Subhranshu Organizations: Bain Capital, REUTERS, Wall Street, Reuters, Veritas Capital, U.S, PricewaterhouseCoopers, Thomson Locations: Tokyo, Japan, Bengaluru

☆ Moody's creates private credit rating and research group
▼ + stars: | 2023-11-06 | by ( Tatiana Bautzer | Thomson Reuters | Tatiana Bautzer Is A U.S. Banking Correspondent At Reuters In New York. She Previously Covered Banks In Brazil | ) www.reuters.com time to read: +1 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Nov 6 (Reuters) - Ratings agency Moody's (MCO.N) is creating a unit to research and rate private credit, the firm said on Monday. The global private credit market, with more than $1.3 trillion in assets under management, makes up about 12% of the alternatives market, investment firm BlackRock said in a recent report. Private credit is largely owned by buy-and-holdinvestors such as pension funds, endowments, foundations and insurance companies, the report said. "The rapid growth of the private credit market in recent years has introduced new challenges and opportunities for investors, who are looking for fresh analysis from a trusted source," said Moody's president Michael West. The private credit group will have a team of more than 50 analysts in different geographies looking into private credit in institutions such as business development companies, collateralized loan obligations, insurance and asset management companies.

Persons: Andrew Kelly, Ana Arsov, BlackRock, Michael West, Moody's, Arsov, Simon Harris, Tatiana Bautzer, Rod Nickel Organizations: Moody's Corporation, REUTERS, Moody's Investors Service, Thomson Locations: Manhattan , New York, U.S

☆ Global funds dumped another $3 bln in China stocks in Oct -Morgan Stanley
▼ + stars: | 2023-11-06 | by ( Summer Zhen | ) www.reuters.com time to read: +1 min

HONG KONG, Nov 6 (Reuters) - Global fund managers sold China equities sharply in October despite further steps from authorities aimed at boosting the world's second-largest economy, according to a report from Morgan Stanley that cited data from fund flow tracker EPFR. "The outflows (are) mostly due to regional funds' rebalancing out of China, in which European-domiciled funds led," Morgan Stanley analysts led by Gilbert Wong said. According to Morgan Stanley, persistent outflows have resulted in foreign long-only managers being their most underweight on China since 2018. Stocks sold off include JD.com (9618.HK), Xiaomi (1810.HK) and China Construction Bank (601939.SS). Separately, Goldman Sachs prime services data showed hedge fund net allocation to China increased to 8.5% as of end-October, up from 8.1% at end-September.

Persons: Morgan Stanley, Gilbert Wong, Stocks, Goldman Sachs, Summer Zhen, Edwina Gibbs Organizations: Global, Reuters, Investors, CSI, HK, China Construction Bank, Baidu, AIA, Thomson Locations: HONG KONG, China, Hong Kong, U.S

“This year, overall views of the United States are much more positive than views of China in most places surveyed,” the report said. The 2019 survey recorded a median of 55% across 22 countries showing favorable views of the U.S., compared to a median of 39% of China. Of the same countries in 2023, medians of 58% and 21% had positive views of the U.S. and China, respectively. Then, a median of 53% across 15 countries reported favorable views of the U.S., compared to a median of 43% with favorable views of China. In 2023, medians of 59% and 27% across the same countries had favorable views of the U.S. and of China, respectively, according to Pew.

Persons: Joe Biden, “, Xi Jinping, Biden, Pew, Camp David, ”, Laura Clancy, Clancy, Donald Trump, Xi, Biden –, George W, Bush, China’s, Hu Jintao, — Organizations: WASHINGTON, Pew Research Center, China, Pew, Camp, Initiative, U.S Locations: United States, China, Washington, U.S, Australia, Poland, Japan, South Korea, Indonesia, South Africa, Mexico, favorability, Nigeria, Beijing, Germany, Sweden, Israel, Italy

☆ British fiscal headroom an 'illusion' that will not leave room for tax cuts, report says
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Nov 6 (Reuters) - Extra fiscal headroom as a result of higher inflation is illusory and will not give any space for tax cuts when British Finance Minister Jeremy Hunt gives a fiscal update later this month, a think tank report said on Monday. The Resolution Foundation's analysis said that higher tax receipts and lower borrowing - both a result of sticky inflation - would increase Britain's fiscal headroom by 13 billion pounds ($16.09 billion), but added this was based on "implausible" public spending plans. That higher inflation is affecting public spending. Public spending will also have to increase more than is currently forecast to protect the budgets of some ministries in real terms in the coming years, the think-tank said. "It's increasingly clear that spending plans pencilled in for after the next election cannot be delivered," Smith said.

Persons: Jeremy Hunt, James, Suella Braverman, Hannah McKay, Hunt, James Smith, Smith, Alistair Smout, Sharon Singleton Organizations: Conservative, REUTERS, British, The Bank of England, Foundation, Thomson Locations: Manchester, Britain

☆ Citigroup considering at least 10% job cuts in major businesses - CNBC
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 6 (Reuters) - Citigroup's (C.N) managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process. The bank has warned of job cuts as part of a sweeping overhaul it unveiled in September, but has said it will estimate the scale of layoffs and cost savings in the current quarter. Fraser's push to eliminate regional managers, co-heads and others with overlapping roles will translate into job cuts beyond 10% for executives, the report said. Since taking charge of the banking giant in 2021, Fraser has tried to improve profits, streamline the bank and fix regulatory problems.

Persons: Andrew Kelly, Jane Fraser's, Fraser, we've, We've, Niket, Jaiveer Singh Shekhawat, Tatiana Bautzer, Arun Koyyur Organizations: Citibank, New York Stock Exchange, REUTERS, CNBC, Boston Consulting Group, Citi, Boston Consulting, Thomson Locations: Manhattan , New York City, U.S, Bengaluru, New York

☆ Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says
▼ + stars: | 2023-11-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Chinese companies have gained ground in global patent holdings in the cybersecurity technology sector amid growing U.S.-China tensions, according to a report from Nikkei Asia on Sunday. Chinese firms such as Huawei and Tencent accounted for six of the top 10 global patent holdings in the cybersecurity technology sector as of August, based on data compiled by Nikkei in cooperation with U.S. information services provider LexisNexis. The report said that U.S. computer manufacturer IBM came out top with 6,363 patents followed by Huawei and Tencent with 5,735 and 4,803 patents respectively. Among the top 10 include Alibaba's financial arm Ant Group in sixth place with 3,922 patents, as well as Alibaba Group Holding with 3,122 patents, the Nikkei said. This comes as escalating tensions between the U.S. and China have pushed the latter and its homegrown firms to seek self-reliance in science and technology.

Organizations: Nikkei Asia, Huawei, Nikkei, LexisNexis, IBM, China Investment Corp, U.S Locations: China, U.S, Beijing

ODESA, Ukraine, Nov 6 (Reuters) - Five people were injured in Odesa and one of the city's principal art galleries was damaged in Russian strikes late on Sunday, Ukrainian officials in the Black Sea port said. "On November 6, the Odesa National Art Museum turns 124 years old," Oleh Kiper, governor the of the Odesa region, of which the Odesa city is the administrative centre, said on the Telegram messaging app. The Odesa city council published a video showing blown out windows and debris inside what it said was the Odesa National Art Museum, where paintings hang on walls. Kiper said that all five of the injured, from throughout the city, were hospitalised. Reporting by Iryna Nazarchuk in Odesa and Oleskandr Kozhukhar in Kyiv; Writing by Lidia Kelly in Melbourne.

Persons: Kiper, Henadii Trukhanov, Iryna Nazarchuk, Lidia Kelly, Gerry Doyle Organizations: Art Museum, Thomson Locations: ODESA, Ukraine, Odesa, Black, Kyiv, Melbourne

☆ US, South Korea, Japan to launch consultative group on North's cyber threats
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Miniatures of people with computers are seen in front of North Korea flag in this illustration taken July 19, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSEOUL, Nov 6 (Reuters) - The United States, South Korea and Japan have agreed to launch a high-level consultative group on countering North Korean cyber activities that they say finance its unlawful weapons programs, South Korea's presidential office said on Monday. Anne Neuberger, U.S. deputy national security adviser for cyber and emerging technologies, held talks with her South Korean and Japanese counterparts in Washington last week. They agreed to hold quarterly meetings under the new framework, the presidential office said. North Korea has denied allegations of hacking or other cyberattacks.

Persons: Dado Ruvic, Anne Neuberger, Camp David, Soo, hyang Choi, Gerry Doyle Organizations: REUTERS, Rights, South, Camp, United, Thomson Locations: North Korea, Rights SEOUL, United States, South Korea, Japan, Korean, Washington, United Nations, Korea

☆ Gen Z is the most financially savvy generation
▼ + stars: | 2023-11-06 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

AdvertisementAdvertisementIn a May survey from the CFA Institute, a global trade association for investment advisors, more than half of Gen Z respondents said they were already investing, and 82% of American Gen Z investors said they began investing before they turned 21. And while there are plenty of pitfalls and missteps that could plague young people along the way, Gen Z is shaping up to be the most financially savvy generation yet. The estimated $60 billion wipeout caused many Gen Z investors to lose big. AdvertisementAdvertisementWhile Gen Z may not always be drawn to the safest investment choices, it's certainly getting some hands-on learning. In many respects, Gen Z is coming of age at a good time, graduating into a booming job market with strong wage growth.

Persons: Gen, Gen Zers, Gen Xers, Zers, It's, —, they'd, stashing, Gen Z, Erin Lowry, Z, there's Venmo, Lowry, Charlie Pastor, finfluencers, Pastor, Taylor Price, Price, it's, I'm, Eve Upton, Clark Organizations: CFA Institute, Federal Reserve's Survey, Consumer Finances, Transamerica Center, Retirement Studies, PayPal, YouTube, CFA, IRA, Interactive, UK Royal Mint, Barclays Smart Investor Locations: Canada, Chipotle, BlackRock

☆ US, South Korea, Japan to Launch Consultative Group on North's Cyber Threats
▼ + stars: | 2023-11-05 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - The United States, South Korea and Japan have agreed to launch a high-level consultative group on countering North Korean cyber activities that they say finance its unlawful weapons programs, South Korea's presidential office said on Monday. Anne Neuberger, U.S. deputy national security adviser for cyber and emerging technologies, held talks with her South Korean and Japanese counterparts in Washington last week. They agreed to hold quarterly meetings under the new framework, the presidential office said. The announcement comes after the leaders of the three countries agreed at a summit in August at Camp David that they would establish a new trilateral working group for the North's cyber threats. North Korea has denied allegations of hacking or other cyberattacks.

Persons: Anne Neuberger, Camp David, Soo, hyang Choi, Gerry Doyle Organizations: South, Camp, United Locations: SEOUL, United States, South Korea, Japan, Korean, Washington, North Korea, United Nations, Korea

☆ Afghanistan opium poppy supply plummets 95% after Taliban ban, U.N. says
▼ + stars: | 2023-11-05 | by ( Charlotte Greenfield | ) www.reuters.com time to read: +2 min

[1/2] An Afghan man walks through a poppy field in the Gereshk district of Helmand province, Afghanistan April 8, 2016. REUTERS/Abdul Malik/File Photo Acquire Licensing RightsNov 5 (Reuters) - Opium poppy production in Afghanistan, previously the world's top supplier, has plummeted since the Taliban administration banned the cultivation of narcotics last year, a United Nations report said on Sunday. During their previous rule, the Taliban in 2000 banned poppy cultivation as they sought international legitimacy but faced popular a backlash, according to experts. Many of the provinces where the Taliban has historically had high levels of support, such as southern Helmand, have a large concentration of opium poppy cultivation. The UNODC said many farmers had switched to growing wheat but that this earned significantly less than poppy.

Persons: Abdul Malik, UNODC, Charlotte Greenfield, William Mallard Organizations: REUTERS, United, Drugs, Thomson Locations: Afghan, Gereshk, Helmand province, Afghanistan, United Nations, Helmand

BINT JBEIL, Lebanon (AP) — An Israeli airstrike in south Lebanon on Sunday evening killed four civilians, including a woman and three children, raising the likelihood of a dangerous new escalation in the conflict on the Lebanon-Israel border. One woman and three girls, ages 10, 12 and 14 were killed, and others were wounded, it said. Shortly after the Israeli strike, Hezbollah said its fighters had fired Grad rockets from southern Lebanon into Israel in response. Local media reported that the rockets landed in the Israeli border towns of Metula and Kiryat Shmona. Israeli army spokesperson Avichay Adraee tweeted that one Israeli was also killed Sunday in a strike launched by the Lebanese militant group Hezbollah.

Persons: BINT, —, Samir Ayoub, ”, ‘, Mohammad Suleiman, Salah Ghandour, Bint Jbeil, Daniel Hagari, “, Najib Mikati, Avichay Adraee, hadn't, Israel, Abby Sewell, Kareem Chehayeb, Julia Frankel Organizations: Sunday, National News Agency, Grad, Local, Associated Press, . Security Locations: BINT JBEIL, Lebanon, Israel, Gaza, Lebanon’s, Ainata, Metula, Shmona, Lebanese, Bint, Israeli, Blida, Beirut, Jerusalem

☆ Hamburg airport hostage standoff over, suspect arrested, police say
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Nov 5 (Reuters) - Police arrested a man and rescued a child at the centre of a hostage standoff at Hamburg airport on Sunday, ending a crisis that had forced authorities to close the busy air hub. Police said the 35-year-old man was with his four-year-old daughter and was thought to be involved in a custody dispute. "The hostage situation is over," the city's police force wrote on X, formerly known as Twitter, early on Sunday afternoon. [1/8]Police officers detain a man, after a man drove through a barrier onto the grounds of the city's airport with a child in his car in Hamburg, Germany, November 5, 2023. The episode raised concerns over security at the airport less than four months after climate activists got onto the runway and blocked planes.

Persons: Fabian Bimmer, Peter Tschentscher, Tom Sims, Joern Poltz, Tanya Wood, Daniel Wallis, William Mallard, David Evans, Andrew Heavens Organizations: Police, Twitter, REUTERS, Thomson Locations: FRANKFURT, Hamburg, Germany

☆ Japan PM Kishida: cooperating with Philippines, US to protect South China Sea
▼ + stars: | 2023-11-04 | by ( Karen Lema | ) www.reuters.com time to read: +3 min

"In the South China Sea, trilateral cooperation to protect the freedom of the sea is under way," Kishida, on an official visit, said in an address before the Philippine congress in the capital Manila. Last month China and the Philippines traded accusations over a collision in the disputed waters of the South China Sea as Chinese vessels blocked Philippine boats supplying forces there. China claims sovereignty over almost the entire South China Sea, including parts of the exclusive economic zones of Brunei, Indonesia, Malaysia, the Philippines and Vietnam. Japan does not have any claim to the South China Sea, but has a maritime dispute with China in the East China Sea. "Japan will continue to contribute to the enhancement of the Philippines' security capabilities, thereby contributing to regional peace and stability," Kishida said.

Persons: Fumio, Aaron Favila, Fumio Kishida, Ferdinand Marcos Jr, China's, Kishida, Karen Lema, Sakura Murakami, William Mallard, Michael Perry Organizations: Japan, REUTERS Acquire, Rights, Official Security, Kyodo, Philippine Coast Guard, Thomson Locations: Quezon City, Philippines, Rights MANILA, United States, South China, China, Philippine, Manila, Kishida, Japan, Brunei, Indonesia, Malaysia, Vietnam, East, Tokyo

☆ US consultancy Gallup withdrawing from China -FT
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: 1 min

Nov 4 (Reuters) - Consultancy firm Gallup is pulling out of China, the Financial Times newspaper reported on Saturday. The Washington-based firm has told its clients it is closing its China operations and advised customers that it would move some projects outside the country, while others would be cancelled, according to the newspaper. It started its China operations in 1993 and had offices in Beijing, Shanghai and Shenzhen, the report said citing public payroll records. Gallup is closing all three offices in mainland China and it is unclear whether it will retain some of its local employees, the report added. Reporting by Shubhendu Deshmukh in Bengaluru; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Shubhendu Deshmukh, Jason Neely Organizations: Consultancy, Gallup, Financial Times, Thomson Locations: China, Washington, Beijing, Shanghai, Shenzhen, Bengaluru

☆ Citi weighs shutting municipal-bond trading business - Bloomberg News
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 3 (Reuters) - Citigroup (C.N) Chief Executive Officer Jane Fraser is weighing whether to shutter the bank's municipal-bond trading and origination business, Bloomberg News reported on Friday. Citi's municipal offering business has been under scrutiny from Texas attorney general, who in January halted the bank's ability to underwrite most municipal bond offerings in Texas saying that Citi has discriminated against the firearms sector. A Citi spokesperson at that time had said the company did not discriminate against the sector and that it believed it was complying with Texas' law. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Saumyadeb Chakrabarty and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Jane Fraser, Citi's, Fraser, Jaiveer Singh, Saumyadeb Chakrabarty, Maju Samuel Organizations: Citibank, New York Stock Exchange, REUTERS, Citigroup, Bloomberg, Citi, Thomson Locations: Manhattan , New York City, U.S, Texas, Bengaluru

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