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New York CNN —The United Automobile Workers’ won big wage and benefit gains in tentative contract agreements with Ford, General Motors and Stellantis. Now, non-union companies are rushing to give their non-unionized workers raises, too. Toyota said it’s raising wages by more than 9%, and Honda announced 11% wage hikes beginning next year. While the auto companies didn’t directly attribute their raises to the UAW, the UAW has said it will be targeting non-union factories in the wake of its big wins. UAW President Shawn Fain already encouraged non-union autoworkers to join the UAW, and Fain has called the non-union wage increases the “UAW bump.” The UAW hopes its new contracts with Detroit automakers will inspire other workers to unionize.
Persons: ” Hyundai, , A.J, Jacobs, Shawn Fain, autoworkers, Fain, ” Fain, Tesla, Thomas Kochan Organizations: New, New York CNN, United Automobile Workers ’, Ford, General Motors, Toyota, Honda, Hyundai, UAW, Labor, East Carolina University, Foreign, Detroit, Subaru, Volvo, BMW, Mercedes, MIT Sloan School of Management Locations: New York, Alabama, Georgia, United States,
Data points help tell the story of the people who live in Israel, Gaza and the West Bank, and what their life was like before the current war. Large shares of the population in both Gaza and the West Bank are Palestinian refugees. Meanwhile, people born in Gaza today can expect to live for 75.7 years, and in the West Bank, 76.6 years. Religion and EthnicityThe vast majority of people in the Gaza Strip and the West Bank are Muslims who predominantly practice Sunni Islam, though hundreds of thousands of Jewish Israelis have settled in the West Bank. Twice as many primary school-aged children were not in school in the West Bank and Gaza compared with Israel in 2021.
Persons: , Israel –, Egypt –, Gazans, Israel, Trump Organizations: Hamas, West Bank, Israel, International Monetary Fund, World Bank, U.S . Gross, Bank, United, Health, Education, U.S Locations: Israel, Gaza, America’s, Egypt, United States, U.S, Palestinian
WASHINGTON (AP) — The United States on Tuesday said it imposed a third round of sanctions on a group of Hamas officials, members of the Palestinian Islamic Jihad who work to transfer money from Iran to Gaza, and a Lebanese money exchange service that facilitates the transfers. The Treasury Department sanctions, coordinated with the United Kingdom, come in response to the surprise Oct. 7 attack by Hamas on Israel that left roughly 1,200 people dead or kidnapped. The sanctions block access to U.S. property and bank accounts and prevent the targeted people and companies from doing business with Americans. This and two previous rounds of sanctions against Hamas and its affiliates are aimed at protecting the international financial system from abuse by Hamas militants and their enablers, the Treasury Department said. The State Department also is designating a Palestinian Islamic Jihad military leader for diplomatic sanctions.
Persons: Janet Yellen, Antony Blinken, , Joe Biden, David Cameron, Mohammed Deif, Benjamin Netanyahu Organizations: WASHINGTON, Islamic, Treasury Department, Hamas, The State Department, Jihad, Israel, Iranian, U.S, Health Ministry, Foreign Locations: United States, Islamic Jihad, Iran, Gaza, Lebanese, United Kingdom, Israel, U.S, Syria, Iraq, West Bank, israel
WASHINGTON (AP) — President Joe Biden and China’s Xi Jinping have no shortage of difficult issues to discuss when they sit down for their first talks in a year, even if expectations are low that their meeting will lead to major breakthroughs. Beijing’s demands were made clear last November when Xi and Biden met in Bali, Indonesia, during the Group of 20 summit. That was a rejoinder to the Biden administration mantra that the two nations should compete vigorously while not looking for conflict. Beijing has bristled at export controls and other measures imposed by the Biden administration, perceiving them as designed to stifle China's economic growth. But Xi, this time, is likely to seek assurance from Biden that the U.S. will not pile new ones onto China.
Persons: Joe Biden, China’s Xi, what’s, Biden, Xi, Janet Yellen, , , Nancy Pelosi, Newt Gingrich, Xie Feng, Wang Wenbin, Zhu Feng, Zhu, Kanis Leung, Ken Moritsugu, Yu Bing Organizations: WASHINGTON, Economic Cooperation, BIDEN, U.S ., U.S, American, School of International Studies of Nanjing University, Trump, Biden, , Associated Press Locations: Asia, Taiwan, East, Europe, U.S, China, Francisco, Beijing, United States, Taiwan . Washington, Iran, Tehran, Israel, American, Hong Kong, Bali , Indonesia, Bali, Washington, ” Beijing, San Francisco
Japan has become a gold mine for value investors
  + stars: | 2023-11-10 | by ( Edward Chancellor | ) www.reuters.com   time to read: +7 min
Having experienced a multi-decade decline after 1990, Japanese stocks have escaped the doldrums. Reuters GraphicsAnother shadow that has long lingered over corporate Japan is management teams which tended to neglect shareholders and prioritise the interests of other stakeholders. METI is also redefining the aim of Japanese companies, says Stephen Codrington, founder of the independent research firm Codrington Japan. Japan, whose regime was formerly unfriendly to equity investors, is moving in the opposite direction, says Drew Edwards, head of GMO Usonian Japan. Japan, as Codrington says, has become a gold mine for value investors.
Persons: Jeremy Siegel, “ Stocks, It's, Alex Kinmont, James Montier, METI, Stephen Codrington, Codrington, Toby Rodes, Edward McQuarrie, McQuarrie, Drew Edwards, there’s, Warren Buffett, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Investors, Credit Suisse Global Investment, Nikkei, U.S ., Local, Credit Suisse, Ministry, Economy, Trade, Industry, Electronics, Hitachi, Fujitsu, Investment, Toyota, Investment Fund, Tokyo Stock Exchange, Kaname, Takisawa Machine Tool, managements, Toyota Industries, Santa Clara University, U.S, Thomson Locations: Japan, U.S, Europe, Codrington Japan, United States
U.K. Foreign Secretary James Cleverly. Photo: Tayfun Salci/Zuma PressThe U.K. government has sanctioned 29 entities and individuals operating in and supporting Russia’s gold and oil sectors, in an effort to cut off revenue streams funding its war in Ukraine. Entities sanctioned Wednesday include Nord Gold and Highland Gold Mining, two of the largest producers of Russian gold, and Paloma Precious DMCC, a United Arab Emirates-based network the U.K. said has channeled more than $300 million in gold revenue to Russia.
Persons: James, Tayfun Salci, Paloma Precious DMCC Organizations: Foreign, Zuma, Nord, Highland Gold Mining, United Locations: Ukraine, Nord Gold, United Arab Emirates, Russia
Hong Kong finance summit tiptoes around China
  + stars: | 2023-11-09 | by ( Peter Thal Larsen | ) www.reuters.com   time to read: +7 min
HONG KONG, Nov 9 (Reuters Breakingviews) - Hong Kong in November enjoys a pleasant climate that some local managers dub “chairman weather”. Hong Kong is hardly a hot destination for financiers right now. Companies raised just $2.7 billion from initial public offerings in Hong Kong in the quarter, a fraction of previous years. Hong Kong officials including John Lee, the territory’s chief executive, have been sanctioned by the U.S.. Follow @peter_tl on XCONTEXT NEWSThe Global Financial Leaders’ Summit was held in Hong Kong from Nov. 6 to Nov. 8.
Persons: Marc Rowan, Colm Kelleher, Morgan Stanley, Goldman Sachs, David Solomon, Jane Fraser, Ken Griffin, Hong, John Lee, Eddie Yue, Kung, Zhang Qingsong, Bob Prince, Mark Wiedman, Apollo’s Rowan, UBS’s Kelleher, Joseph Yam, Una Galani, Thomas Shum Organizations: Reuters, Apollo Global Management, UBS, Monetary Fund, Companies, Citigroup, Citadel, Hong Kong Monetary Authority, Hong Kong’s HK, Exchange, People’s Bank of China, Bridgewater Associates, BlackRock, Goldman, Bank for International, Global, , Thomson Locations: HONG KONG, Hong Kong, Europe, U.S, China . Hong Kong, China, People’s Republic, Hong, British, Singapore, BLK.N,
These young voters faulted Israel’s response to the attacks, 52-32 percent. This wartime shift represents a fundamental break within a liberal coalition that has long powered the Democratic Party. Clearly, the most left-leaning young adults have the lowest rating of Israel. The Arab American Institute commissioned John Zogby Strategies to conduct a survey of 500 Arab Americans between Oct. 23 and Oct. 27. In this poll, 32 percent of Arab Americans identified as Republican as opposed to just 23 percent who identified as Democrats.
Persons: Biden’s, Biden, Donald Trump, Gallup, Jennifer Medina, Lisa Lerer, Benjamin Netanyahu, Bruce Cain, nonwhite, Cain, Siena, Hillary, , Norman Ornstein, ” Ornstein, Ornstein, Liz Skalka, Daniel Marans, Akbar Shahid Ahmed, , Robbie Gramer, ” Gramer, ’ Gramer, ” Amy Mackinnon, Gramer, Antony Blinken, ” Yossi Hasson, Maya Tamir, Kea, Brahms, J, Christopher Cohrs, Eran Halperin, Niloufar Zebarjadi, Eliyahu Adler, Annika Kluge, Mikko Sams, Jonathan Levy, Zebarjadi, Jeremy Konyndyk, Harris, ” Laura Royden, Eitan Hersh, ” “, Hersh, Israel favorability, Young, John Zogby, Zogby, Farah Pandith, Pandith, , Trump, Julie Wronski, Wronski, Stephen Ansolabehere Organizations: Quinnipiac University Poll, Biden, Democratic, West Bank, Democratic Party, Stanford, American Enterprise Institute, Democratic National Committee, State Department, U.S, USAID, United States Agency for International Development, Foreign, Liberals, Aalto University, USAID’s, U.S . Foreign, Politico, U.S ., Harvard, , Israel, Young American Left, Tufts, Republicans, U.S.A, , Arab American Institute, American, Council, Foreign Relations, University of Mississippi Locations: Israel, Gaza, Medina, United States, Washington, Palestinian, , Finland, Russia, Ukraine, U.S, Palestine, Michigan, America
A U.S. foreign development agency announced on Wednesday it would lend $553 million to establish a deepwater shipping-container terminal at the Port of Colombo in Sri Lanka, expanding America’s effort to finance infrastructure around strategic parts of Asia. Adani will help develop the terminal with Sri Lankan partners. The money from the U.S. International Development Finance Corporation resembles the kind of big-ticket deals that China’s development banks have struck around the world over the past decade. Under its Belt and Road Initiative, central to the foreign policy of President Xi Jinping, China made loans to build up ties around Asia, including in Sri Lanka. The Development Finance Corporation was created during the Trump administration to bankroll international infrastructure projects, cooperating with the State Department to support U.S. foreign policy and curb Chinese influence.
Persons: Narendra Modi, Adani, Xi Jinping, Trump Organizations: Port, Adani, Sri, U.S . International Development Finance Corporation, Initiative, Development Finance Corporation, State Department Locations: Colombo, Sri Lanka, Asia, India, China, United States
Volodymyr Zelenskyy said the Israel-Hamas war is distracting the world from the invasion of Ukraine. An international affairs expert told Insider Israel's war in Gaza may benefit Putin in several ways. AdvertisementAdvertisementUkrainian President Volodymyr Zelenskyy, in a Saturday press conference, said the Israel-Gaza war is "taking away the focus" from Russia's invasion of Ukraine, BBC reported. "I think the advantage, if you to call it that, Russia has right now is that in the Middle East, they don't have to do anything. They can focus their attention on the most important challenge they face, which is the war in Ukraine," Walt told Insider.
Persons: Volodymyr Zelenskyy, Putin, , Stephen Walt, Walt, Biden, rearm, they're Organizations: Service, BBC, Harvard, . Foreign, Ukraine Locations: Israel, Ukraine, Gaza, Russia, United States, rearm Israel, China
HAVANA, Nov 6 (Reuters) - Cuba hosted a business fair with over 800 companies from more than 60 countries on Monday as it lobbied for new investments, thumbing its nose at U.S. sanctions that have long spooked foreign companies from engaging with the communist-run island. "Today we work ...to minimize the negative impact of the economic, financial and commercial blockade," said Cuba foreign trade minister Ricardo Cabrisas at the forum's opening event. Cuban president Miguel Diaz-Canel told attendees "massive" participation at the fair this year was proof of business confidence in Cuba. The trade fair includes promotional stands from countries ranging from Spain to Russia, Iran and China. Foreign companies also complain that local regulations, bureaucracy and problems with the peso currency and payments also bog down business in Cuba.
Persons: Ricardo Cabrisas, Miguel Diaz, Canel, Diaz, Jay Brickman, Biden, Hugo Cancio, Cancio, Nelson Acosta, Dave Sherwood, Bill Berkrot Organizations: Reuters, Miami, U.S, DeCancio, Thomson Locations: HAVANA, Cuba, U.S, Cuban, Spain, Russia, Iran, China
A woman dressed up as a starving medical student. One woman dressed up as a medical student, holding a begging bowl in her hands. A woman dressed up as a liberal arts student hungry for egg fried rice. Greg Baker/Pool/ReutersTo address these challenges, President Xi Jinping hosted a key financial policy meeting this week to reiterate the need to resolve financial risks in the economy. “Hidden economic and financial risks are still widespread,” the readout said.
Persons: Hong Kong CNN —, , Zhou, Xiao Pan, Yan Ziqi, , Xi Jinping, Greg Baker, Xi Organizations: Hong Kong CNN, CNN, Global, Stock, Huaan Securities, Service, National People's, of, People, Reuters, Communist Party, Ministry of State Security Locations: China, Hong Kong, China’s, Shanghai, Weibo, Douyin, , Beijing
AAPL YTD mountain Apple YTD Apple shares fell more than 3% after the release. Cash and capital allocation In its September quarter, Apple generated operating cash flow and free cash flow results that were lower than what the Street was looking for. Services, a high-margin business for Apple, reached a new all-time revenue record with growth accelerating to 16% on a year-over-year basis. On the call, CEO Tim Cook said Apple "achieved all-time revenue records across App Store, advertising, AppleCare, iCloud, Payment Services and video as well as a September quarter revenue record in Apple Music." Maestri said Apple achieved "all-time revenue records in the Americas, Europe, and rest of Asia-Pacific and a September quarter record in Greater China.
Persons: we've, Cash, we're, Apple, it's, Tim Cook, Maestri, Luca Maestri, Jim Cramer's, Jim Cramer, Jim, Patrick T, Fallon Organizations: Apple, Products, Services, Fortune, MacBook Air, Apple Watch, Management, CNBC, Grove Apple, AFP, Getty Locations: Apple's, Americas, Europe, Asia, Pacific, Greater China, China, Latin America, East, South Asia, India, Los Angeles , California
Kazakh President Kassym-Jomart Tokayev shakes hands with French President Emmanuel Macron during a meeting in Astana, Kazakhstan November 1, 2023. Press service of the President of Kazakhstan/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. At a meeting with Kazakh President Kassym-Jomart Tokayev, Macron complimented Astana for refusing to side with Moscow on Ukraine and said the two countries planned to sign significant business deals. In addition to oil, Kazakhstan is a major exporter of uranium, and France's Orano already operates a joint venture with its state nuclear firm Kazatomprom. "We can call your visit historic, very important," Tokayev told Macron.
Persons: Kassym, Emmanuel Macron, Macron, Sergei Lavrov, France's, Tokayev, Tamara Vaal, Olzhas, Jason Neely Organizations: Press, Rights ASTANA, Kazakh, Astana, United Nations, Soviet Central, Foreign, Moscow, Thomson Locations: Astana, Kazakhstan, Handout, Central Asia, Ukraine, China, Europe, Russia, Moscow, Uzbekistan, Western, France
Pakistan is home to over 4 million Afghan migrants and refugees, about 1.7 million of whom are undocumented, according to Islamabad. Cash-strapped Pakistan, navigating record inflation and a tough International Monetary Fund bailout program, also said undocumented migrants have drained its resources for decades. The information minister for Balochistan province, which borders Afghanistan, told Reuters it is opening three more border crossings. Pakistani citizens who help undocumented migrants obtain false identities or employment will face legal action, Bugti warned. There are more than 2.2 million Afghan migrants in Pakistan with some form of documentation recognized by the government that conveys temporary residence rights.
Persons: Akhtar Soomro, Muhammad Rahim, Abdul Mutaleb Haqqani, Azizullah, Sohrab Goth, Mumtaz Zahra Baloch, Cash, Samar Abbas, Sarfaraz Bugti, Bugti, Abbas, Uzair Ahmed, Majida, we've, Muhammad, Ariba Shahid, Charlotte, Mohammad Yunus Yawar, Saleem Shahid, Katerina Ang Organizations: REUTERS, Rights, Reuters, Pakistani Interior Ministry, Foreign, Monetary Fund, Sindh Human Rights Defenders Network, Islamabad, Federal, UNHCR, International Organization for Migration, Karachi East Police, Afghan Ministry, Refugees, World Bank, U.N, Thomson Locations: Pakistan, Karachi, Rights KARACHI, Pakistani, Afghanistan, Islamabad, Sindh, Balochistan, AFGHANISTAN, Charlotte Greenfield, Kabul, Quetta
Pakistan is home to over 4 million Afghan migrants and refugees, about 1.7 million of whom are undocumented, according to Islamabad. Cash-strapped Pakistan, navigating record inflation and a tough International Monetary Fund bailout program, also said undocumented migrants have drained its resources for decades. The information minister for Balochistan province, which borders Afghanistan, told Reuters it is opening three more border crossings. Pakistani citizens who help undocumented migrants obtain false identities or employment will face legal action, Bugti warned. There are more than 2.2 million Afghan migrants in Pakistan with some form of documentation recognized by the government that conveys temporary residence rights.
Persons: Shahid, Muhammad Rahim, Abdul Mutaleb Haqqani, Azizullah, Sohrab Goth, Mumtaz Zahra Baloch, Cash, Samar Abbas, Sarfaraz Bugti, Bugti, Abbas, Uzair Ahmed, Majida, we've, Muhammad, Ariba Shahid, Charlotte, Mohammad Yunus Yawar, Saleem Shahid, Katerina Ang Organizations: Reuters, Pakistani Interior Ministry, Foreign, Monetary Fund, Sindh Human Rights Defenders Network, Islamabad, Federal, UNHCR, International Organization for Migration, Karachi East Police, Afghan Ministry, Refugees, World Bank, U.N Locations: Shahid KARACHI, Pakistan, Karachi, Pakistani, Afghanistan, Islamabad, Sindh, Balochistan, AFGHANISTAN, Charlotte Greenfield, Kabul, Quetta
His foreign-focused, large-cap growth fund is in the top 9% of its category in 2023 with a 4.8% gain compared to a 0.5% loss for its index, according to Morningstar. "And so we don't recalibrate the portfolio much year in, year out or rebalance it for different macro outlooks." Target top-of-the-line stocks, but pay a fair priceUnlike many other managers, Erickson only allows a few dozen stocks in his fund. 8 top investments to make nowMany US-based investors avoid international stocks entirely since the prevailing narrative is that the group is risky, given its heightened exposure to geopolitical conflict. International stocks in four sectors look especially promising right now, Erickson said: consumer discretionary, consumer staples, healthcare, and information technology.
Persons: Elias Erickson, he's, Morningstar, Erickson, We're, It's, there's Organizations: Companies, SAP, Mastercard Locations: New York
LAS VEGAS (AP) — Republican presidential candidates professed their strong support for Israel on Saturday as they addressed an influential Republican Jewish group during a campaign stop that coincided with Israel’s stepped-up offensive in the war against Hamas and included the exit of a high-profile contender from the 2024 race. Israel has targeted the Palestinian enclave with airstrikes and cut off power and communications as it mounts an operation against the militant group. But this year's summit comes as Israel has been plunged in crisis and put on war footing. The organization's longtime benefactor, billionaire casino mogul and GOP megadonor Sheldon Adelson, became a big backer of Trump and implored coalition members to support Trump in 2016. In their remarks, most of the candidates pledged robust support for Israel.
Persons: Israel’s, Mike Pence, Donald Trump, Pence, Joe Biden, , ” Trump, . Sen, Tim Scott, Vivek Ramaswamy, Scott, ” Ramaswamy, Israel —, waring, Trump, Chris Christie, Sheldon Adelson, Adelson, Miriam Adelson, Biden, Ramaswamy, Ron DeSantis, ” Scott, Rashida Tlaib Organizations: LAS VEGAS, — Republican, Israel, Republican, America, Trump, Democratic, Republican Jewish Coalition, Constitution, White, ., Hamas, Republicans, Las, Jewish, Former New Jersey Gov, Florida Gov, Americans, U.S . Rep, Palestinian American Locations: Gaza, Israel, U.S, United States, Vegas, Palestinian, Iran, Ukraine, Russia
The Consequences of Elon Musk’s Ownership of XNow rebranded as X, the site has experienced a surge in racist, antisemitic and other hateful speech. Research conducted in part by the Institute for Strategic Dialogue concluded that anti-Semitic tweets in English more than doubled after Mr. Musk’s takeover. Keeping X at the center of public debate is exactly Mr. Musk’s goal, which he describes at times with a messianic zeal. Even worse, the article argued, Mr. Musk’s changes appear to be boosting the engagements of the most contentious users. A month into Mr. Musk’s ownership, the platform stopped enforcing its policy against Covid-19 misinformation.
Persons: Elon Musk, , , Musk’s, , Musk, Tim Chambers, ” Mr, Chambers, Tesla, lockdowns, Thierry Breton, Mr Organizations: Elon, Twitter, “ Twitter, Hamas, Dewey, Group, Defamation, Research, Institute for Strategic, Commission, Kremlin, Pentagon, Tufts, Rutgers, Montclair, 4chan, Harvard Kennedy School, Covid, Media, Mr, Commission's Digital Services, Services, Defamation League, European Union Locations: Musk’s, Russia, China, Israel, Ukraine, Iran, guardrails
Ron DeSantis of Florida, working to maintain his second-place status in the Republican primary, said Friday that as president he would “reorient” U.S. foreign policy to give clear priority to China while downplaying national security risks posed by conflicts such as Russia’s war on Ukraine. In a speech laying out his approach, Mr. DeSantis cast Beijing as a greater threat to the United States than the Axis powers and the Soviet Union ever were because of its economic might. “So this is a formidable threat and it requires a whole of society approach.”Mr. DeSantis’s remarks, delivered in Washington, D.C., at the Heritage Foundation, a conservative think tank, come at a difficult moment for his presidential campaign. Not only is he badly trailing former President Donald J. Trump in the polls, but Nikki Haley, the former South Carolina governor and former ambassador to the United Nations, has successfully positioned herself as a credible alternative to Mr. Trump, puncturing the Florida governor’s argument that the Republican presidential primary is a two-man race. Mr. DeSantis has lately used foreign policy to attack other Republican presidential candidates, rebuking Mr. Trump for his critical comments about Israeli leaders and accusing Ms. Haley — who is attracting growing interest from Republican donors and voters — of being soft on China.
Persons: Ron DeSantis, reorient, DeSantis, ” “, Mr, DeSantis’s, Donald J, Trump, Nikki Haley, rebuking Mr, Ms, Haley — Organizations: Republican, Soviet Union, Washington , D.C, Heritage Foundation, South, United Nations Locations: Florida, reorient ”, China, Ukraine, Beijing, United States, Washington ,, South Carolina
How the ‘uniparty’ myth shut the House down
  + stars: | 2023-10-24 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +7 min
CNN —Republicans’ House speaker morass continued Tuesday with a little help from former President Donald Trump. Yet another lawmaker with support from most House Republicans – Rep. Tom Emmer of Minnesota, who was picked as their party’s nominee – failed to get the support of nearly all Republicans. What is ‘uniparty?’The term “uniparty” has been a favorite of people like Steve Bannon, the former Trump White House official turned podcaster. “You’ve got a small band of House conservatives who are fighting, really, in a lot of ways, a political guerrilla war against that uniparty,” Gaetz said. The majority of House Republicans backed Emmer, their fourth choice this year to be speaker, in both secret ballot voting and a behind-closed-doors roll call vote.
Persons: morass, Donald Trump, Tom Emmer, , Trump, Emmer, he’s, , Steve Bannon, He’s, Matt Gaetz, Sebastian Gorka, Kevin McCarthy, Joe Biden, Hakeem Jeffries, Gaetz, “ You’ve, ” Gaetz, McCarthy, Biden, Andy Biggs of, “ Don’t, ” Biggs, holdouts, Ralph Nader Organizations: CNN, Republicans ’, Republicans – Rep, Republicans, Emmer, , Democrats, Republican, Capitol, Trump White House, Fox, America, Salem Radio, Florida Republican, Salem News Channel, Democratic, Politico, Green Party, Pew Research Center Locations: Minnesota, Ukraine, New York, Washington, Florida, cahoots, Andy Biggs of Arizona
Until recently, 2023 looked to be a major year for Chinese outreach in the Middle East. Until this month, 2023 looked to be a landmark year for China's outreach to the Middle East. Zhai, China's Middle East envoy, began a tour of the region last week, stopping in Qatar first on October 19. "It's the kind of role we've played for the last half-century in the Middle East. Paul Iddon is a freelance journalist and columnist who writes about Middle East developments, military affairs, politics, and history.
Persons: , Xi Jinping, Bashar Assad, Benjamin Netanyahu, Kim Kyung, Yoav Gallant, Ariel Hermoni, Zhai Jun, Wang Yi, Chuck Schumer, Xi, Nicholas Burns, Burns, Michael Singh, Abraham, Singh, Mahmud Abbas, Jade Gao, Alexus Grynkewich, Grynkewich, Abu Dhabi, ATTA KENARE, it's, Zhai, we've, Paul Iddon Organizations: Service, Initiative, Israeli, REUTERS, Saudi, UAE, Israeli Defense Ministry, Getty Images, Washington, The Washington Institute, White House, Israel, US Air Forces, Defense Writers, Huawei, Getty Locations: East, Beijing, Israel, China, Iran, Syria, Kuwait, Saudi Arabia, Gaza, Anadolu, Getty Images Beijing, Saudi, Egypt, UAE, Jordan, Iraq, Abu, AFP, Qatar, Palestine
European Governments Welcome Aid Delivery, Call for More
  + stars: | 2023-10-21 | by ( ) www.wsj.com   time to read: 1 min
European government officials welcomed the temporary opening of the Rafah border crossing into Gaza Saturday to allow the passage of trucks, but called for improved access for humanitarian aid. “This is an important first step that will alleviate the suffering of innocent people,” wrote Ursula von der Leyen, head of the European Commission, in a posting on X, formerly Twitter. U.K. Foreign Minister James Cleverly said the opening “cannot be a one off.”
Persons: , Ursula von der Leyen, James Organizations: European Commission, Twitter, Foreign Locations: Rafah, Gaza
The benchmark 10-year yield , which was last at 4.9813%, has climbed some 35 basis points this week, driven by rising expectations that the Federal Reserve is likely to keep interest rates higher for longer and mounting U.S. fiscal concerns. "The move up has been driven by the Fed leaving the market as a price insensitive buyer. The dollar/yen pair tends to closely track changes in long-term Treasury yields, particularly in the 10-year maturity. In the broader currency market, the U.S. dollar edged higher, supported by elevated Treasury yields. The New Zealand dollar edged 0.35% lower to $0.5829, after having slid to an over 11-month low of $0.5816 on Thursday.
Persons: Dado Ruvic, Brian Jacobsen, Sterling, Jerome Powell, Ray Attrill, he's, Carol Kong, Rae Wee, Shri Navaratnam Organizations: REUTERS, Rights, Treasury, Federal Reserve, Fed, Annex Wealth Management, U.S, National Australia Bank, New Zealand, Commonwealth Bank of Australia, Thomson Locations: Rights SINGAPORE, U.S, Asia, China, lockstep
LONDON (Reuters) - The U.S. 10-year Treasury yield briefly reached 5% for the first time since 2007, marking a fresh milestone in a relentless push higher for government borrowing costs. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermidFurther signs of resilience in the U.S. economy help explain the latest sell off in Treasuries, as traders have unwound bets the U.S. Federal Reserve would soon start to lower interest rates. He highlighted what everyone has seen with the strong economic growth data and the retail sales figure that came out. Just like how the market forced the Fed to stop quantitative tightening in 2019, it might be forcing the Fed to rethink QT today.
Persons: Brendan McDermid, Jerome Powell, MICHAEL SCHULMAN, EL, , NOAH, ” BRIAN JACOBSEN, MENOMONEE, QUINCY KROSBY, Powell Organizations: Treasury, New York Stock Exchange, REUTERS, U.S . Federal, Fed, NORTH Locations: New York City, U.S, Treasuries, EL SEGUNDO, CALIFORNIA, CHARLOTTE, NC, WISCONSIN, NORTH CAROLINA, Ukraine, Russia
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