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☆ Nigeria's Oshoala poses biggest threat to England, says Carney
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

LONDON, Aug 5 (Reuters) - England must beware of Nigeria striker Asisat Oshoala when they face the African nation for a place in the quarter-finals of the World Cup in Brisbane on Monday, according to Karen Carney. The former Arsenal and Chelsea midfielder who was capped 144 times by England, believes England have hit form at just the right time but says Nigeria should not be taken lightly. "She is a top quality striker who is more than capable of pulling something out of the bag," Carney said in an interview with Powerleague. "Despite how good England were against China, Nigeria are a top nation that will cause us problems. They have a world class striker and individual players that will be difficult for us.

Persons: Asisat Oshoala, Karen Carney, Oshoala, Carney, Powerleague, Lauren James, James, She's, Keira Walsh, Martyn Herman, Christian Radnedge Organizations: Arsenal, Chelsea, Haiti, Oshoala's Barcelona, China, England, Thomson Locations: England, Nigeria, Brisbane, Australia, China, Denmark

☆ Amazon CEO Andy Jassy now has 16 direct reports. See the growing and evolving list here, including a newly promoted executive from Alexa.
▼ + stars: | 2023-07-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon CEO Andy Jassy recently expanded his group of direct reports. Jassy has added at least 8 new executives to his direct reports since becoming CEO in 2021. Amazon recently created a new AI group that reports to CEO Andy Jassy. In his 2 years since becoming CEO, Jassy has added or replaced at least 8 executives in his top leadership team. (Jassy's direct reports are different from the S-team, a group of more than two dozen most senior decision-makers at Amazon).

Persons: Andy Jassy, Rohit Prasad, Prasad, Doug Herrington, Adam Selipsky, Brian Olsavsky, Jassy, There's, Dave Clark, Jay Carney, Jeff Blackburn, James Hamilton, Mike Hopkins, Eric Remling, Beth, Dave Limp, David Zapolsky, Drew Herdener, WW Communications Eric Rimling, Paul Kotas, Peter Krawiec, Alexa Stacey Pistole, Steve Boom, Steve Schmidt, Eugene Kim Organizations: Amazon, Alexa, Business, Amazon Studios, Amazon Devices, WW Amazon, WW Communications, Amazon Video, Corporate Locations: It's

REUTERS/Dado Ruvic/IllustrationORLANDO, Florida, July 26 (Reuters) - Remember the U.S. twin deficits? The dollar did fall - around 40% between the dotcom bust and the global financial crisis - and the twin deficits were a factor. Indeed, when the twin deficits really exploded in 2008 as the government and Fed fought to prevent another Great Depression, the dollar actually rose 25%. "Twin deficits are inherently unsustainable – for Treasuries and the dollar - unless there is a shift towards a deflationary environment that stimulates demand for sovereign debt instruments," Costa said. Persistently wide twin deficits will test the appetite to use the dollar as the savings currency of choice for investors and countries around the world.

Persons: Dado Ruvic, Mark Carney, Tavi, Costa, Meera Chandan, Octavia Popescu, Bill, Jamie McGeever, Tomasz Janowski Organizations: REUTERS, Fed, Reuters, Bank of England, Crescat, Treasuries, United, Office, Thomson Locations: ORLANDO , Florida, U.S, Britain, United States, Americas, Washington

☆ Colson Whitehead on ‘Crook Manifesto’ and Harlem in the ’70s
▼ + stars: | 2023-07-21 | by ( ) www.nytimes.com time to read: +1 min

Gilbert Cruz is joined by two-time Pulitzer Prize winner Colson Whitehead, who talks about his novel “Crook Manifesto,” which picks up the tale of furniture salesman and sometime crook Ray Carney, and what it was like to write about Harlem in the ’70s. He also reflects on his famous post-9/11 essay about New York City. … I felt better writing it, and I was articulating so much about the city I’d never tried to articulate before. And then when it came out, it meant so much to other people. You can send them to books@nytimes.com.

Persons: Gilbert Cruz, Colson Whitehead, Ray Carney, ” Whitehead, ”, …, I’d Organizations: Harlem, New, New York Times Magazine Locations: New York City, “, New York, ”

☆ Colson Whitehead Returns to Harlem, and His Hero Returns to Crime
▼ + stars: | 2023-07-13 | by ( Walter Mosley | ) www.nytimes.com time to read: +2 min

Carney is resigned and observant, a participant and a hostage, as he embarks on a nightmarish shotgun ride across New York City. The more the cop talks, the more Carney tries to figure a way out, an exit. “Out of step even then, lost among the tall buildings.”Whitehead’s men struggle with connections, they carry their heartaches and lost loves close to the chest. They have names, and nicknames gained from what can only be called traumatic past experiences: Zippo, Corky. Caught up in their specialties, they run the rackets like the corrupt corporations that run America.

Persons: Carney, “ Don Quixote ”, Whitehead, brutalities, Corky Locations: New York City, Harlem, Hell’s, “, America

☆ World Bank names CEOs to help bring private funds to climate, development finance
▼ + stars: | 2023-07-10 | by ( David Lawder | ) www.reuters.com time to read: +2 min

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

☆ Britain is facing a mortgage crisis. There are no easy answers
▼ + stars: | 2023-06-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

Mortgage painThe announcement comes a day after the Bank of England raised interest rates by half a percentage point to help bring down stubborn inflation. More than 2 million UK mortgage holders paying a fixed interest rate are facing an increase of hundreds of pounds in monthly repayments when they are forced to refinance this year and next. Many borrowers bought their homes when mortgage rates were closer to 1% or 2%. That sets the country apart from other major economies, including the United States, where on both measures inflation has started to ease. After the latest rise in interest rates Thursday, Hunt said the government would “stick to [its] guns” on keeping rates high to tame high prices.

Persons: Rishi Sunak, Jeremy Hunt, Sarah Coles, Hargreaves Lansdown, ”, Matt Hammerstein, David Duffy, Debbie Crosby, James Manning, ” Max Mosley, Jake Berry, Sunak, Liz Truss, Brexit, Mark Carney, Charlie Bean, Hunt, ” — Hanna Ziady Organizations: London CNN, UK Treasury, HSBC, Lloyds Banking Group, Barclays, BCS, CNN, Bank of England, National Institute of Economic, Social Research, Virgin Money, Conservative Party, Institute for Fiscal Studies, European Union, Bank of, Daily Telegraph, BBC Radio Locations: United Kingdom, United States, Britain

☆ British brewers reduce alcohol in beers as inflation bites
▼ + stars: | 2023-06-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

Since, under UK law, brewers pay less tax on drinks with a lower alcohol content, the newspaper claimed that the companies had pocketed this saving rather than passing it onto customers through lower prices. Brewer Greene King has cut the alcohol content of its Old Speckled Hen pale ale to 4.8% from 5%. In January, Dutch brewer Heineken lowered the ABV content of Foster’s larger — which it sells in the UK — to 3.7% from 4%. Consumer price inflation in the UK remains stubbornly high, reaching 8.7% in April. Inflation has fallen back in recent months, but still clocks in higher than in any other country in the Group of Seven.

Persons: ” Greene King, Greene King, Shepherd Neame, Brewer Greene King, Chris Ratcliffe, Emma McClarkin, ” McClarkin, Mark Carney, Brexit, ”, Carney, revel, “ Organizations: London CNN — Brewers, CNN, Sunday, Bloomberg, Heineken, Beer and Pub Association, “ Brewers, Seven, Former Bank of England, Daily Telegraph Locations: United Kingdom, what’s

☆ Green alliance crisis is more than just a US drama
▼ + stars: | 2023-06-19 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

Back in March the Net-Zero Insurance Alliance (NZIA) boasted 30 members, representing about 15% of global premium volume. Now the NZIA, a key financial forum for insurers to set decarbonisation targets and a part of the Glasgow Financial Alliance for Net Zero (GFANZ), has shrunk to just 13 companies. Even those who choose to stay in the NZIA risk losing business due to state politicians pursuing a “war on woke”. NZIA, part of the Glasgow Financial Alliance for Net Zero set up by U.N. climate envoy Mark Carney, requires members to commit to reducing their greenhouse gas emissions. In rapid succession Japanese insurers Sompo Holdings, MS&AD and Tokio Marine as well as Australia’s QBE Insurance quit the net-zero alliance in late May.

Persons: Beneva, Mark Carney, French reinsurer Scor, Lloyd’s, John Neal, George Hay, Oliver Taslic Organizations: Reuters, Global, United Nations, Zero Insurance, Glasgow Financial Alliance, Zero Banking Alliance, Alliance, European Union, Reuters Graphics Reuters, ”, Zurich Insurance, Munich Re, Hannover Re, Allianz, Axa, French, Sompo Holdings, Tokio Marine, QBE Insurance, Thomson Locations: United, United States, Germany, NZIA, Munich, Tokio, London

☆ Who is Hafize Gaye Erkan, Turkey's first female central bank chief?
▼ + stars: | 2023-06-09 | by ( Karin Strohecker | ) www.reuters.com time to read: +2 min

LONDON, June 9 (Reuters) - Turkey's new central bank governor Hafize Gaye Erkan faces the tough task of alleviating a bruising cost-of-living crisis while hoping to restore investor confidence at home and abroad after years of unorthodox policymaking. Appointed on Friday, the 43-year old is the first woman at the helm of the country's central bank, taking over from Sahap Kavcioglu, who spearheaded President Tayyip Erdogan's rate-cutting drive against a backdrop of soaring inflation. Her new role makes her one of only around a dozen women currently serving as central bank governors around the world, including the likes of ECB President Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina and Serbia's Jorgovanka Tabakovic. Having spent all of her professional life outside Turkey, Erkan has no formal central banking experience, making her leanings for monetary policy unclear. Kathryn Wylde, president and CEO of Partnership for New York City, a nonprofit organization where Erkan once served as a board director, says Erkan was seen as "tough, smart, and effective."

Persons: Hafize Gaye Erkan, Sahap Kavcioglu, Tayyip Erdogan's, Christine Lagarde, Russian Central Bank Governor Elvira Nabiullina, Erkan, Goldman Sachs, Mark Carney, Mario Draghi, William Dudley, Goldman, Marsh McLennan, Kathryn Wylde, Wylde, Karin Strohecker, Jonathan Spicer, Hugh Lawson Organizations: Russian Central Bank Governor, Bogazici University, Harvard Business School's, Management, Research, Financial Engineering, Princeton University, Bank of Canada, Bank of England, New York Fed, First Republic Bank, Banking, Finance, New, Thomson Locations: Sahap, Istanbul, Turkey, New York City

☆ Amazon's North America fulfillment head is leaving
▼ + stars: | 2023-06-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. One of Amazon 's top operations executives is leaving the e-retailer, the company confirmed. Melissa Nick, a vice president of North America customer fulfillment, will depart the company June 16, Amazon said. Nick reported to Yonatan Gal, a vice president in charge of overseeing Amazon's fulfillment supply chain, equipment maintenance and repairs, as well as fulfillment execution, in North America, according to internal company documents viewed by CNBC. Chris Vonderhaar, a vice president in charge of Amazon Web Services data centers, is leaving the company, GeekWire reported on Monday.

Persons: Melissa Nick, Amazon, Nick, Barbara Agrait, Melissa, Yonatan, Stefano Perego, John Felton, Amazon's, Andy Jassy's, Andy Jassy, Chris Vonderhaar, GeekWire, Jay Carney, Dave Clark Organizations: North, Amazon, CNBC, Amazon Web, Airbnb, Amazon Logistics Locations: Eastvale , California, North America, Europe

But as some argue, in its quest to avoid another taper tantrum, the Fed delayed that two-pronged tightening too long, which has partly contributed to the stickiness of inflation today. This lengthy buildup may have averted another taper tantrum, but tied the Fed's hands on raising rates even as inflation was roaring back. Markets thought this not only meant the Fed would soon "taper" its bond purchases, but also raise interest rates. The Fed and markets have learned their lessons from the taper tantrum. Maybe the taper tantrum illustrates that it wasn't as planned and consistent as it should have been," he said.

☆ Canada's Justin Trudeau may be struggling but he still commands his party
▼ + stars: | 2023-05-04 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

OTTAWA, May 4 (Reuters) - Canada's Prime Minister Justin Trudeau will kick off what is likely to be the last Liberal Party convention before the next election on Thursday, and though fatigue with his government has deepened there is little question that he is fully in command of his party. Though some cabinet members and former central banker Mark Carney appear to have ambitions to lead the party after Trudeau, no one has come out publicly against him. "Trudeau is the party brand, for better or worse," said Shachi Kurl, president of Angus Reid research group. Conservatives would win 35% of the vote compared to 29% for the Liberals, according to the Angus Reid poll. But in Montreal, the Liberals lead 38% to 15%, and in the suburbs of Toronto the Liberals are ahead 40% to 34%, Angus Reid said.

☆ Employee Monitoring and Surveillance
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +50 min

Ensuring Employee Safety and Systems SecurityEmployers may use electronic workplace monitoring and surveillance to protect their:Worksites. Potential Liability for Electronic Workplace Monitoring and SurveillanceEmployers that engage in electronic workplace monitoring and surveillance must comply with various federal and state laws, including:The Wiretap Act. Best Practices for Electronic Workplace Monitoring and SurveillanceTo avoid violating relevant state and federal laws, before conducting workplace monitoring and surveillance, employers should:Consider the purpose and appropriate scope of their monitoring and surveillance activities and what methods will help them achieve their objectives. Determine the Purpose of Workplace Monitoring and SurveillanceBefore conducting any workplace monitoring or surveillance, best practice is for employers to identify the purpose and goals of these activities to:Ensure that there is a legitimate business purpose for the planned monitoring and surveillance activities. Determine the scope of monitoring and surveillance necessary to accomplish the business purpose, and conduct only the minimum monitoring and surveillance necessary to meet that business need.

☆ VC firms create $60 billion-plus climate tech alliance with backing from the UN
▼ + stars: | 2023-04-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

A group of venture capital firms including Tiger Global and Union Square Ventures on Tuesday set up an alliance aimed at making private tech investing more climate-friendly. Called the Venture Climate Alliance (VCA), the coalition of more than 20 climate tech and generalist funds seeks to get the VC industry to increase its commitments to climate tech, a branch of technology devoted to finding solutions to the climate crisis. Generalist VC firms will need to make routine assessments of their carbon footprint, align their early-stage startup bets with net-zero goals. It is not the first initiative to bring climate's role in startup investing to the forefront. The alliance will fall under the Glasgow Financial Alliance for Net Zero (GFANZ), a group formed during the COP26 climate conference.

☆ Banking turmoil questions begin at board level, says Basel's de Cos
▼ + stars: | 2023-04-12 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

These events marked the first real stress test of banks since the global financial crisis of 2007-09, de Cos told an Institute of International Finance roundtable in Washington. While it was unlikely a single culprit was to blame, he said the "whodunnit" task should start with bank boards. "A bank’s board, senior management and risk management function should be asking themselves questions in a timely fashion and taking credible measures to shore up resilience," de Cos said. De Cos also said supervisors should also ask tough questions and take "decisive action" to ensure safety and soundness of banks. Mark Carney, former governor of the Bank of England and former chair of the Financial Stability Board (FSB), the G20 watchdog that drove through post-global financial crisis reforms of banking rules, has called for a rethink of bank liquidity rules.

☆ BoE's Bailey says bank reforms worked but questions about liquidity buffers
▼ + stars: | 2023-04-12 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

"Today I do not believe we face a systemic banking crisis. Bailey, however, echoed calls from his predecessor Mark Carney by saying there might be questions over the size of liquidity buffers required of banks in order to tide them over short-term shocks. This must beg the question of what are appropriate and desired liquidity buffers that create the time needed to take action to solve the problem." Data from the European Central Bank on Wednesday showed a slight weakening in liquidity buffers at banks it regulates, though they are still well above minimum requirements. Banks' holdings of liquidity have more than doubled since the global financial crisis, helping to contain fallout from the recent banking turmoil, de Cos said.

☆ A top tip for central banks: talk less, smile more
▼ + stars: | 2023-04-11 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

WASHINGTON, April 11 (Reuters Breakingviews) - Investors hang on central bankers’ every word, hoping to gain an edge for their next trade. But with consumer prices rising at the fastest pace in decades, central bankers can’t easily cut borrowing costs, either. Chatty central banks are a relatively new phenomenon. Investors are also more sensitive to central banks today than in years past. Still, being more careful about what’s said, and how it’s said, could help central banks better balance their priorities.

☆ German smart thermostat maker clinches top-up from U.S. investor
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, April 4 (Reuters) - 08German thermostat maker Tado has secured 12 million euros ($13.08 million) from U.S. investor S2G Ventures, it said on Tuesday, two months after it raised funds to expand in an increasingly energy-conscious European market. The need to actively manage household heating, often fuelled by gas, became a top political priority last year after the Russian invasion of Ukraine. Data gathered by Tado from hundreds of households where it has installed meters suggested Europeans were heeding calls from politicians to conserve energy. The top-up bolsters the Munich-based company's fundraising to 55 million euros ($59.93 million) so far in 2023 when it expects to reach profitability. The funding announcement comes weeks after major start-up supporter Silicon Valley Bank collapsed, prompting panic among venture-stage firms, particularly in North America.

☆ Bank bail-ins, and how to prevent climate bailouts: podcast
▼ + stars: | 2023-04-04 | by ( George Hay | ) www.reuters.com time to read: 1 min

LONDON, April 4 (Reuters Breakingviews) - Mark Carney helped design the post-2008 system for resolving bust lenders. In this episode of the Exchange, the ex-Bank of England governor tells George Hay what he makes of last month’s rescue of Credit Suisse, and how to limit future financial sector hits from climate change. Listen to the podcastFollow @gfhay on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Thomas ShumOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Liquidity rules need rethink after Silicon Valley Bank crash, says Carney
▼ + stars: | 2023-04-04 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

The collapse of Silicon Valley Bank in the United States last month highlighted the "greater flightiness" of desposits, particularly those of small business clients, Carney told a Reuters Breakingviews podcast. Over $40 billion left Silicon Valley Bank in 24 hours, leaving authorities confronting a new risk: the social media bank run as depositors can withdraw cash with just a few taps on their phone. These buffers should also count a bank's access to central bank liquidity as part of their calculations, he added. The United States has generally applied Basel standards only to its biggest banks, which did not include Silicon Valley Bank. Bank of England Deputy Governor Sam Woods told lawmakers last week that bank liquidity rules might now be an open question for international policymakers.

☆ Mitt Romney calls new bike lanes 'the height of stupidity' as bicyclists press Congress to make roads safer and e-bikes cheaper
▼ + stars: | 2023-04-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Sen. Mitt Romney said making room for bike lanes is "the height of stupidity" and opposes e-bike credits. "Removing automobile lanes to put in bike lanes is, in my opinion, the height of stupidity, it means more cars backing up, creating more emissions." "There is a widespread suspicion on the right today that liberals want to take away their way of life," Carney told Insider. That is in the background of the mind of every conservative, and so when they hear more bike lanes, they think, 'Okay, what is that code for?'" Carney told attendees at the annual National Bike Summit in Washington last week to frame their efforts as building safer and more interconnected communities.

LONDON, March 31 (Reuters) - A member of a United Nations-backed coalition of insurance firms and pension funds seeking to tackle climate change told Reuters it was considering quitting after disagreements about curbing investment in the oil and gas sector split the group. The row is the latest in a string of policy splits among major climate coalitions of financial firms. AkademikerPension wanted the position paper to state that NZAOA members should only invest in public equities or corporate bonds when the companies involved are no longer investing in exploration for new oil and gas. German insurer Munich Re (MUVGn.DE) said earlier on Friday it was withdrawing from another alliance of insurers focused on reducing carbon emissions to avoid antitrust risks. "I think it's going to be extremely difficult for a plaintiff, even a government enforcer, to prevail on an antitrust theory of harm," said Mitnick.

[1/2] Customers view semi automatic guns on display at a gun shop in Los Angeles, California December 19, 2012. REUTERS/Gene BlevinsMarch 20 (Reuters) - A federal judge on Monday blocked California from enforcing a state law requiring new semiautomatic handguns to have certain safety features, finding it violates the right to bear arms under the Second Amendment of the U.S. Constitution. The ruling by U.S. District Judge Cormac Carney in Santa Anna, California is the latest in a line of decisions striking down state gun laws following a U.S. Supreme Court ruling last year expanding gun rights. The judge said it would not take effect for 14 days to give the state a chance to appeal. The California Rifle & Pistol Association and four individuals sued the state last year to challenge the law.

Despite SVB's demise knocking the value of banks globally, particularly European lender Credit Suisse, U.N. climate envoy Mark Carney said he, too, did not expect a "material" impact on climate tech funding. "At a minimum, this will likely drive continued tightening of investments and a push to have their portfolio companies cut (cash) burn," it said in a note. Mona Dajani, partner at law firm Shearman and Sterling, said most of her clean energy clients either banked with SVB or faced some other impact from its troubles. SVB "cultivated a reputation as being very friendly to clean energy... they were willing to underwrite more risk," she said. "Not all the companies are going to make it and now that’s happening to climate companies."

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