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This is why we have seen less activity," said Dirk Albersmeier, co-head of global M&A at JPMorgan. In the fourth quarter, there has been a 56% contraction in global M&A to $641.2 billion, partly caused by a 66% drop in private equity activity. Top rainmakers expect a pickup in cross-border M&A activity. Going forward, private equity funds are expected to kickstart the recovery as they seek assets at a discount. We were probably more optimistic a year ago," said David DeNunzio, global head of M&A at Wells Fargo.

☆ Bank floats $10 bln Brazilian bond plan to halt Amazon deforestation
▼ + stars: | 2022-12-19 | by ( Marc Jones | ) www.reuters.com time to read: +3 min

LONDON, Dec 19 (Reuters) - Strategists at a UK bank have proposed the idea of a super-sized $10 billion Brazilian government bond that would be specifically designed to help halt the destruction of the Amazon rainforest. Stopping deforestation of the Amazon, which absorbs vast amounts of planet-warming greenhouse gas, is part of Brazilian President-elect Luiz Inacio Lula da Silva's sweeping plan to reclaim leadership on climate change measures. Money raised via sustainability-linked debt can be used for almost any purpose. "As a reference, a 2034 Brazilian bond is currently yielding around 6.35%, making the step up/down feature potentially financially material for Brazil," Vivanco's initial outline of the plan last week said. "If Lula goes around the world selling this bond, you would have to have a reason not to be part of it," Vivanco said.

☆ Costa Rica seeks entry to North America trade pact
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +2 min

SAN JOSE, Dec 14 (Reuters) - Costa Rica has told the United States it is interested in joining the North American trade pact between the United States, Mexico and Canada, President Rodrigo Chaves said on Wednesday. Dodd said he had spoken with Chaves about opportunities to boost economic ties, but made no comment on a possible entry for Costa Rica into the North American trade pact. "We are evaluating opportunities," said Tovar, adding membership in the trade pact would give Costa Rica an "immense advantage" and add another strategic link to global supply chains. The United States is Costa Rica's largest trading partner, according to the U.S. State Department, accounting for 38% of Costa Rica's imports and 42% of exports. The Central American country has 10 bilateral and five multilateral trade agreements in force.

☆ World Cup Round of 16: Cristiano Ronaldo and Portugal face Switzerland for a place in the quarterfinals
▼ + stars: | 2022-12-05 | by ( Issy Ronald | ) edition.cnn.com time to read: +5 min

Switzerland, meanwhile, navigated a difficult group with victories against Cameroon and Serbia seeing them through to the knockout stages despite a loss to Brazil. The last time the two sides met was in the Nations League in June when Portugal dismantled Switzerland 4-0 in Lisbon. Switzerland celebrates defeating Serbia 3-2 and qualifying for the knockout stages. Like Portugal, Spain is entering its round of 16 match against Morocco immediately after a shock defeat to an Asian nation – a 2-1 loss to Japan – in the group stages. “We said we wanted to give everything we’ve got to get out of the group stages,” said Regragui, according to the Guardian.

☆ Japan reaches World Cup knockout stages with hotly debated goal after ball appeared to go out of play
▼ + stars: | 2022-12-02 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Japan reached the World Cup knockout stages for the fourth time on Thursday – by what appeared to be a matter of millimeters. But it’s Japan’s second goal that has been a topic of fierce debate in the aftermath of the game, specifically regarding whether the ball crossed the goal line before Kaoru Mitoma’s cutback pass to Ao Tanaka. Tanaka’s bundled goal was initially ruled out after the linesman flagged that the ball had gone out of play. 🧐 pic.twitter.com/cVXur9vMJ1 — FOX Soccer (@FOXSoccer) December 1, 2022“That Japan goal almost defied physics. pic.twitter.com/mzF7YXnQiX — Nick Levett (@nlevett) December 1, 2022The goal means Japan will play Croatia in the knockout stages on Monday, while Spain plays Morocco on Tuesday.

☆ Germany knocked out of World Cup after extraordinary finale to Group E
▼ + stars: | 2022-12-01 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Germany was knocked out of the 2022 World Cup on Thursday after a quite extraordinary finale to Group E, despite beating Costa Rica. As he did in the famous victory over Germany, Japan coach Hajime Moriyasu used his substitutes masterfully, bringing on Dōan and his left-footed strike brought Japan level. Wataru Endo celebrates with teammates after Japan qualified for the knockout stages of the World Cup. Costa Rica took a stunning lead as Juan Pablo Vargas prodded home after an frantic goalmouth scramble to leave Germany trailing. With just over 20 minutes remaining in the two games, Spain and Germany – both recent World Cup winners – were in danger of going home.

The breathtaking win for Japan meant they topped Group E, followed by Spain in second who finished ahead of third-placed Germany only on goal difference. Japan fans were in tears at the end of the match which gives them a chance to go further than they ever have before at a World Cup. "There were many fans who came all the way from Japan, as well as those that stayed behind in Japan," coach Moriyasu said. "We didn't have any danger in the first half, then in the second half, I told them during halftime to be cautious, because they would attack in the second half, they don't have anything to lose," he said. Japan defender Kou Itakura was shown his second yellow card of the tournament and will be suspended for the Croatia match.

☆ Analysis: Germans go back to basics to get back on track at World Cup
▼ + stars: | 2022-11-27 | by ( Ossian Shine | ) www.reuters.com time to read: +4 min

But if this was a German team in crisis, you would never have known and they set about their task with plenty of huff and not inconsiderable puff. Many in the arena expected Spain ease to the finish line as they stretched the Germans this way and that with incisive passing and tireless pressing. It had worked in all four of Germany's World Cup titles. Thoroughly reinvigorated from the introduction of Fuellkrug, Germany looked a different side. Eight years of tinkering following the retirement of all-time World Cup scorer Miroslav Klose was instantly forgotten as Fuellkrug led the line in the fashion of German World Cup greats Ottmar Walter, Gerd Mueller, Juergen Klinsmann and Klose.

☆ Germany salvages draw against Spain but World Cup hopes still hang in the balance
▼ + stars: | 2022-11-27 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Niclas Füllkrug’s late strike was enough to salvage a point for Germany against Spain as qualification from Group E goes down to the wire. Germany needs to beat Costa Rica and hope Spain defeats Japan or, if Japan earns a draw, ensure it has a superior goal difference. Álvaro Morata celebrates after scoring the opening goal against Germany. But just when it looked as though Germany was growing into the match, Spain found the breakthrough thanks to substitute Morata, who ran onto Jordi Alba’s low cross and poked the ball past Neuer. Germany will know only a victory against Costa Rica will do – but even that might not be enough.

☆ ECB Must Narrow Interest-Rate Gap With Fed, OECD Says
▼ + stars: | 2022-11-22 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

Alvaro Pereira, the OECD’s acting chief economist, said that ‘fighting inflation has to be our top policy priority right now.’The European Central Bank will have to raise its key interest rate much further if it is to bring down persistently high inflation, the Organization for Economic Cooperation and Development warned Tuesday. Inflation rates have surged since Russia’s invasion of Ukraine pushed energy and food prices sharply higher. While there have been some recent signs that these rates are at or close to their peaks, the Paris-based research group said inflation is unlikely to fall back quickly to the 2% level targeted by many central banks.

☆ UK economy is lagging substantially behind other developed nations, OECD report says
▼ + stars: | 2022-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Aaron Chown - Pa Images | Pa Images | Getty ImagesLONDON — U.K. growth has lagged the world's biggest economies since the Covid-19 pandemic and is substantially below the OECD average, according to a new report from the influential Paris-based group. In the G-7 nations — which includes Canada, France, Germany, Italy, Japan, the U.S. and U.K. — GDP has grown by a cumulative 2.5%, with only the U.K. recording a decline. Former Bank of England policymaker Michael Saunders this week told CNBC Hunt's plan had a "massive" hole where an economic growth strategy should be. 'Light at the end of the tunnel'Tuesday also saw the release of the OECD's global Economic Outlook report. Pereira told CNBC: "We are facing a very challenging environment.

☆ 'Light at the end of the tunnel' on inflation, says OECD's chief economist
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Light at the end of the tunnel' on inflation, says OECD's chief economistAlvaro Pereira told CNBC the OECD expects inflation to peak in many countries in the middle of 2023, but monetary and fiscal policy needed to remain "hand in hand."

☆ Ecuador's 'Superman' Valencia should be fit for Netherlands game
▼ + stars: | 2022-11-21 | by ( Andrew Cawthorne | ) www.reuters.com time to read: +2 min

"I hope to play in the second game against Holland." Coach Gustavo Alfaro was full of praise for his main man and was sure he would be fine for their next group game against three-time finalists the Netherlands. "Enner will play against the Netherlands - there is no doubt about that," he told reporters. SERENADED BY FANSEcuador punched their way out of arguably the world's toughest qualifying group, taking the fourth automatic berth for South America. The man who sometimes went hungry as a youth and sold cows' milk to pay for his boots has now netted the nation's last five World Cup goals.

☆ Spain at the 2022 World Cup: who is in Luis Enrique's 26-man squad?
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +4 min

Nov 14 (Reuters) - Spain are looking to win their second World Cup title at the Nov. 20-Dec. 18 tournament in Qatar. WHO IS IN SPAIN'S WORLD CUP 2022 SQUAD? * Defenders: Jordi Alba (Barcelona), Nacho Monreal (Arsenal), Alvaro Odriozola (Real Sociedad), Nacho Fernandez (Real Madrid), Dani Carvajal (Real Madrid), Gerard Pique (Barcelona), Sergio Ramos (Real Madrid), Cesar Azpilicueta (Chelsea). * Midfielders: Sergio Busquets (Barcelona), Isco (Real Madrid), Thiago Alcantara (Bayern Munich), David Silva (Manchester City), Andres Iniesta (Barcelona), Saul Niguez (Atletico Madrid), Koke (Atletico Madrid). * Forwards: Marco Asensio (Real Madrid), Iago Aspas (Celta Vigo), Diego Costa (Atletico Madrid), Rodrigo Moreno (Valencia), Lucas Vazquez (Real Madrid).

☆ Fati in but Thiago and De Gea left out of Spain World Cup squad
▼ + stars: | 2022-11-11 | by ( Fernando Kallas | ) www.reuters.com time to read: +3 min

MADRID, Nov 11 (Reuters) - Spain included Barcelona's Ansu Fati but left out Liverpool midfielder Thiago Alcantara and Manchester United goalkeeper David de Gea from their 26-man World Cup squad on Friday. But the forward is fighting his way back from four surgeries to repair an injury to his left knee, suffered in November 2020. "Youth gives you freedom because you are not yet aware of the consequences," Luis Enrique said. "There's no one outside of Spain who rules out Spain as a candidate to be among the best. Midfielders: Sergio Busquets (Barcelona), Rodri Hernandez (Manchester City), Gavi (Barcelona), Carlos Soler (Paris St Germain), Marcos Llorente (Atletico Madrid), Pedri Gonzalez (Barcelona), Koke Resurreccion (Atletico Madrid).

☆ Every World Cup 2022 squad announced: USMNT, Germany, Belgium and more
▼ + stars: | 2022-11-10 | by ( Ben Morse | ) edition.cnn.com time to read: +13 min

CNN —‘Tis the season for wall charts and fans gathering around to pick their starting teams for the 2022 Qatar World Cup. “It’s always difficult when a guy helps you get to the World Cup, he scores three goals in World Cup qualifying and isn’t going to be a part of the program. Again, it’s more about who we did add that we felt good about.”All but one of the 26 will be making their World Cup debut at this year’s tournament and, according to the USMNT, it will be the youngest team to qualify for the World Cup. Octavio Passos/Getty Images Europe/Getty ImagesGhanaManager: Otto AddoThe final squad has not been announced yet. READ: Meet Otto Addo, the coach responsible for guiding some of Europe’s brightest young talents (2021)—–PortugalManager: Fernando SantosThe final squad has not been announced yet.

☆ Factbox: List of squads for the 2022 World Cup
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +5 min

Midfielders: Aaron Mooy (Celtic), Jackson Irvine (FC St. Pauli), Ajdin Hrustic (Hellas Verona), Cameron Devlin (Heart of Midlothian), Riley McGree (Middlesbrough), Keanu Baccus (St Mirren). Goalkeepers: Alisson (Liverpool), Ederson (Manchester City), Weverton (Palmeiras). Midfielders: Bruno Guimaraes (Newcastle United), Casemiro (Manchester United), Everton Ribeiro (Flamengo), Fabinho (Liverpool), Fred (Manchester United), Lucas Paqueta (West Ham United). Midfielders: Thomas Delaney (Sevilla), Mathias Jensen (Brentford), Christian Eriksen (Manchester United), Pierre-Emile Hojbjerg (Tottenham Hotspur). JAPANDefender Yuta Nakayama was called up but will miss the World Cup after suffering an Achilles injury.

☆ La Liga: Real Madrid suffers first league defeat of the season against Rayo Vallecano
▼ + stars: | 2022-11-08 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Real Madrid missed out on the chance to return to the top of La Liga as a retaken penalty gave Rayo Vallecano a surprise 3-2 victory over Los Blancos. It was Real’s first defeat in the league this season and gives Barcelona a two-point lead at the top of La Liga after 13 games. Álvaro García celebrates Rayo's first goal against Real Madrid. Angel Martinez/Getty Images Europe/Getty ImagesThe result means Rayo now has one win and two draws against the top three teams in La Liga this season – Barcelona, Real, and Atlético Madrid. Barcelona, meanwhile, has a chance to extend its lead at the top of La Liga when it plays Osasuna on Tuesday.

The GOP, especially in South Florida, is trying to portray Democrats as "socialists" and soft on foreign policy, with Taddeo touting her hard-line stance against leftist governments. Salazar and Taddeo have similar hard-line foreign positions against the governments of Cuba, Venezuela and Nicaragua. Taddeo, according to a spokesperson, feels current foreign policy toward Cuba, Venezuela, and Nicaragua cannot change until there are democratic transitions in those countries. There are about 275,000 Colombian eligible voters in Florida and a significant number live in the district. The two candidates recently left many puzzled when they tweeted that former Colombian President Iván Duque seemingly supports both of them.

☆ Costa Rica cenbank raises 2022 growth projection to 4.3% as tourism recovers
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

SAN JOSE, Oct 31 (Reuters) - Costa Rica's economy is expected to grow 4.3% in 2022, its central bank said on Monday, an upgrade to an earlier projection from boosts expected in tourism and business services. The new estimate for 2022 growth domestic product (GDP) improves on last July's projection by 0.9 percentage points. The central bank, however, also reduced the growth outlook for 2023 from 3.2% to 2.7% because of challenges in the global economy. Costa Rica's economy grew 7.8% last year as it recovered from a 2020 recession brought on by COVID-19 damage to the country's ecotourism. Tourism authorities expect 2 million visitors in 2022, just two-thirds of the 3 million arrivals in 2019, but above the 1.35 million reported for last year.

☆ FTC seeks to hold Drizly CEO accountable for alleged security failures, even if he moves to another company
▼ + stars: | 2022-10-24 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

In a new proposed settlement, the Federal Trade Commission is seeking to hold a tech CEO accountable to specific security standards, even if he moves to a new company. The FTC claims that despite being alerted to the security concerns two years before the breach, Drizly and Rellas did not do enough to protect their users' information. In a statement, Wilson wrote that naming Rellas will not result in putting "the market on notice that the FTC will use its resources to target lax data security practices." But it later dropped him from the complaint after the company said Zuckerberg would not try to personally buy Within. "We take consumer privacy and security very seriously at Drizly, and are happy to put this 2020 event behind us," a Drizly spokesperson said in a statement.

☆ Costa Rican authorities find wreckage believed to be from plane carrying five Germans
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +1 min

SAN JOSE, Oct 22 (Reuters) - Costa Rican authorities said they found wreckage on Saturday believed to be from a plane carrying five German citizens which lost contact along the Caribbean coast. The wreckage was located early on Saturday morning about 17 miles (28 kilometers) from the country's Limon airport, Costa Rica's deputy security minister said. Authorities had not yet located any bodies or survivors. Costa Rican authorities received an alert on Friday night about the missing plane, chartered for a private flight, which was en route from Mexico to Costa Rica's Limon airport, Security Minister Jorge Torres said earlier. The aircraft had lost communication with the control tower near Barra de Parismina, a few minutes from Limon, according to Torres.

The four FTC commissioners voted three to one to begin the lengthy process of writing rules by seeking comments on the prevalence of fraudulent online reviews and junk fees. These are sometimes labeled "service charges" on phone bills or imposed by hotels as "resort fees." FTC guidelines already say that posting fake reviews and endorsements is illegal. And it has proposed a rule to ban junk fees by car sellers. The commission also voted to begin the process of updating existing rules governing funeral homes.

A person in the United States now eats an average of more than nine pounds (4 kg) of Mexican avocados a year, the university researchers found. Register now for FREE unlimited access to Reuters.com RegisterThe United States is the main importer of Mexican avocados, taking in 1.1 million metric tons of the product in 2021, according to the USDA. A growing Hispanic and Caribbean population in the United States has helped fuel demand, the report found. Mexican avocados primarily grow in Michoacan state, the only place on earth where avocado trees bloom four times a year, instead of just once. Despite the setback, the Mexican avocado industry did not clock a major economic hit, the report showed.

☆ Thousands march against Colombian President Petro's tax reform
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Demonstrators protest against the government of Colombian President Gustavo Petro and his tax reform proposal in Bogota, Colombia September 26, 2022. Petro, 62, has promised to seek "total peace" through deals with rebel groups and crime gangs and asked lawmakers to approve a tax reform which would raise an initial $5.6 billion for social programs next year. Register now for FREE unlimited access to Reuters.com RegisterPetro has constructed a majority in congress through alliances with a range of parties. Some 5,000 people, many waving signs with slogans like "no to the tax reform", marched in Bogota, according to the mayor's office. Register now for FREE unlimited access to Reuters.com RegisterReporting by Herbert Villarraga; Writing by Luis Jaime Acosta and Julia Symmes Cobb Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

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