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Rep. George Santos, the embattled freshman Republican known for fabricating large portions of his resume, was charged Tuesday on 10 new criminal counts, including conspiracy, falsification of records, aggravated identity theft and credit card fraud. Federal prosecutors filed a 23-count superseding indictment that comes after Santos pleaded not guilty to 13 charges from the Justice Department in May, which included fraud, money laundering, theft of public funds and false statements. Although Santos has repeatedly rebuked the calls for his resignation from the chamber, he stepped down from his committee assignments earlier this year. Still, Santos announced he would seek reelection to represent New York's 3rd Congressional District in 2024. And although McCarthy had pledged to remove Santos should the committee determine he had broken a law, after his ouster as speaker, the future is uncertain.

Persons: George Santos, Santos, “, ”, “ Santos, he’s, Kevin McCarthy, McCarthy Organizations: Republican, Justice Department, Eastern, of, New York Republican, New, Congressional District Locations: of New York

☆ US Labor Dept 'disappointed' by VU Manufacturing plant closure in Mexico
▼ + stars: | 2023-10-10 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

Members of the Liga Obrera Sindical Mexicana (Mexican Workers Union League) talk outside the VU Manufacturing auto parts plant in Piedras Negras, Mexico, August 31, 2022. In March, the U.S. and Mexico pledged to oversee VU Manufacturing carry out a series of commitments to remain neutral in union affairs and allow workers to freely organize. VU Manufacturing, an unlisted company based in Michigan, did not immediately respond to a request for comment. The Department of Labor urged Mexico to prevent retaliation against former VU workers as they seek new jobs, and to ensure VU makes timely payments to dismissed workers. Reporting by Daina Beth Solomon in Mexico City Editing by Kylie Madry and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Becerril, Thea Lee, Lee, Daina Beth Solomon, Kylie Madry, Matthew Lewis Organizations: Liga, Mexicana, Mexican Workers Union League, VU, REUTERS, MEXICO CITY, U.S . Department of Labor, VU Manufacturing, Department, Labor, Thomson Locations: Piedras Negras, Mexico, MEXICO, Mexican, States, Canada, U.S, Michigan

☆ In Beijing, Schumer urges China to support Israel after Hamas attacks
▼ + stars: | 2023-10-09 | by ( Antoni Slodkowski | ) www.reuters.com time to read: +4 min

BEIJING, Oct 9 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Monday called on China to support Israel after deadly attacks by Hamas, adding he was "disappointed" that Beijing showed "no sympathy" for the country over the weekend. Schumer is leading a bipartisan congressional delegation to Asia, which includes stops in South Korea and Japan. It aims to advance U.S. economic and national security interests, and in China, the group hopes to meet Chinese President Xi Jinping. [1/5]Visiting U.S. Senate Majority Leader Chuck Schumer, D-N.Y., talks to Chinese Foreign Minister Wang Yi during a bilateral meeting at the Diaoyutai Guest House in Beijing, Monday, Oct. 9, 2023. Communication between U.S. and Chinese officials has increased in recent months, bringing some improvement in ties strained for years over issues such as Taiwan, the origins of COVID-19 and accusations of Chinese spying.

Persons: Chuck Schumer, Schumer, Xi Jinping, ” Schumer, Wang Yi, Wang, Andy Wong, Washington, Republican Mike Crapo, Bill Cassidy, John Kennedy, Maggie Hassan, Jon Ossoff, Biden, Gina Raimondo, Raimondo, Antoni Slodkowski, Bernard Orr, Kim Coghill, Gerry Doyle Organizations: U.S, Fighters, Foreign Ministry, Israel, Foreign, House, REUTERS Acquire, Democratic, Republican, Thomson Locations: BEIJING, China, Israel, Beijing, Egypt, Yom, State, Palestine, Asia, South Korea, Japan, United States, Washington, Taiwan, U.S, Shanghai

The program, called the U.S. President’s Emergency Plan for AIDS Relief Program, or PEPFAR, started in 2003 by President George W. Bush. Congress missed the Sept. 30 deadline to renew funding for PEPFAR before it expired. The policy had not been included as a part of PEPFAR funding until 2017, when the Trump administration expanded the policy to include it as a part of the program. Advocates for PEPFAR contend the program does not directly or indirectly fund abortion services. For some countries, the health benefits of the PEPFAR program go beyond its mission of reducing the spread of AIDS.

Persons: George W, Joe Biden, PEPFAR, “, ”, Chris Smith, Biden, Ronald Reagan, Trump, Bush, George Ingram, Matthew Miller, ” Miller, reauthorization, Ingram, ” Ingram, Carlos del Rio Organizations: U.S, President’s, AIDS Relief, U.S . State Department, PEPFAR, Congress, House Republicans, Biden Administration, House Global Health, Senate, Senators, Republicans, Center for Sustainable Development, Brookings Institute, Kaiser Family Foundation, Program, Emory University School of Medicine, State, Committee, Infectious Diseases Society of America Locations: U.S, New Jersey, Mexico, Washington, Africa, China, Russia

☆ U.S. Looking Into Reports That Americans Are Among Dead in Israel
▼ + stars: | 2023-10-08 | by ( ) www.wsj.com time to read: 1 min

U.S. Secretary of State Antony Blinken said U.S. officials are looking into reports that Americans were killed in the Hamas assault on Israel and ensuing conflict. "We’re working overtime to verify that," Blinken said on CNN's "State of the Union" Sunday. "At the same time, there are reports of missing Americans and there again, we’re working to verify those reports."

Persons: Antony Blinken, Blinken Organizations: Union Locations: Israel

☆ Investors hope U.S. job numbers give Fed less reason to hike
▼ + stars: | 2023-10-06 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

Although the MSCI All-Country stock index (.MIWD00000PUS) was 0.2% higher, it has lost about 8% since its July peak, leaving it about 7% ahead for the year. We are talking about the duration, rather than higher rates," Spencer said. The dollar index is up 12 weeks in a row, equalling a streak that ran from July to October 2014. The dollar index was steady on Friday at 106.38. Gold was also steady at $1,821 an ounce after nine days of losses driven by rising global bond yields.

Persons: Brendan McDermid, Nonfarm, Patrick Spencer, RW Baird, Spencer, YEN, Kyle Rodda, Huw Jones, Tom Westbrook, Shri Navaratnam, Clarence Fernandez, Chizu Organizations: New York Stock Exchange, REUTERS, Federal, Treasury, Global, Analysts, Tokyo's Nikkei, London, Thomson Locations: New York City, U.S, Europe, Asia, Pacific, Japan

☆ North Korea halts nuclear reactor, likely to extract bomb fuel, Donga Ilbo reports
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +3 min

The operation of the 5 megawatt nuclear reactor at the Yongbyon nuclear complex has been suspended since late September, according to intelligence assessment by U.S. and South Korean authorities, the report said. Reprocessing of spent fuel rods removed from a nuclear reactor is a step taken before plutonium is extracted. The Yongbyon nuclear complex is the North's main source of plutonium that it likely has used to build nuclear weapons. North Korea has also operated uranium enrichment facilities, which is a separate source of material that could be used for nuclear weapons. North Korea claims itself a nuclear state but has kept how many nuclear weapons it may have built or deployed a secret.

Persons: Jeon Ha, Siegfried Hecker, Vladimir Putin, Kim Jong Un, Hecker, " Hecker, Kim, Jack Kim, Lincoln Organizations: Kyodo ., Donga Ilbo, Russia, North, Los Alamos National Laboratory, Thomson Locations: Korean, Yongbyon, Kyodo . North Korea, SEOUL, North Korea, Korea, Pyongyang, Russia, Korea's

Google was the first big tech company to say it would impose new labels on deceptive AI-generated political advertisements that could fake a candidate's voice or actions. The pressure on the social media companies comes as both lawmakers are helping to lead a charge to regulate AI-generated political ads. Google has already said that starting in mid-November it will require a clear disclaimer on any AI-generated election ads that alter people or events on YouTube and other Google products. This policy applies both in the U.S. and in other countries where the company verifies election ads. Facebook and Instagram parent Meta doesn’t have a rule specific to AI-generated political ads but has a policy restricting “faked, manipulated or transformed” audio and imagery used for misinformation.

Persons: Tom Hanks hawking, Pope Francis, Rand Paul, Mark Zuckerberg, Linda Yaccarino, ”, Sen, Amy Klobuchar, Yvette Clarke, didn't, Clarke, Klobuchar, “, ” Klobuchar, Republican Sen, Josh Hawley of, Joe Biden, Donald Trump, Anthony Fauci, Ron DeSantis, Democratic Sen, Elizabeth Warren, Ari Cohn, haven't, ” Cohn, Ali Swenson Organizations: Sen, Capitol, Google, Facebook, Democratic, Associated Press, Klobuchar, U.S ., Twitter, Meta, Senate, YouTube, Republican, Republican National Committee, GOP, Florida Gov, Administration, Commission, Public Citizen Locations: Minnesota, York, U.S, Josh Hawley of Missouri, United States

☆ SAS slides 95% as Scandinavian airline's shareholders wiped out
▼ + stars: | 2023-10-04 | by ( Louise Rasmussen | ) www.reuters.com time to read: +2 min

COPENHAGEN, Oct 4 (Reuters) - SAS shares slumped by as much as 95% on Wednesday after the airline announced a financial restructuring on Tuesday to prevent bankruptcy, bringing on board big new investors and wiping out the stakes of its more than 250,000 owners. SAS (SAS.ST) said U.S. investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders alongside the Danish state, and that the airline's stock will be delisted from the Stockholm, Copenhagen and Oslo exchanges. Scandinavian Airlines (SAS) flights are seen listed at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. Shares in SAS, which have tumbled in recent years, traded down 83% at 1144 GMT to 0.05 Swedish crowns ($0.0045). "Management itself has come out to say there was a risk that the shares will become worthless.

Persons: Andrew Kelly, Lind, Jacob Pedersen, Pedersen, Louise Breusch Rasmussen, Anna Ringstrom, Terje Solsvik, Alexander Smith Organizations: SAS, Air France, KLM, France, Scandinavian Airlines, Copenhagen, REUTERS, Lind Invest, Thomson Locations: COPENHAGEN, United States, Danish, Stockholm, Copenhagen, Oslo, Amsterdam, Paris, Denmark

☆ SAS stock dives 95% as restructuring announced
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

Scandinavian Airlines (SAS) flights are seen listed at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 4 (Reuters) - Shares in SAS (SAS.ST) tumbled 95% at market open on Wednesday after the Scandinavian airline announced new big shareholders late on Tuesday in a restructuring that will see the group delisted from bourses and existing ownership stakes erased. SAS said U.S. investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders in the airline alongside the Danish state following bankruptcy proceedings. Castlelake will take a stake of about 32%, Air France-KLM will own around 20%, Lind Invest 8.6% and the Danish state will hold about 26%, SAS said. SAS shares, which already tumbled in recent years traded down 79% at 0742 GMT to 0.06 Swedish crowns ($0.0054).

Persons: Andrew Kelly, Lind, Louise Breusch Rasmussen, Anna Ringstrom, Terje Solsvik Organizations: Scandinavian Airlines, SAS, Copenhagen, REUTERS, Rights, Air France, KLM, Lind Invest, Thomson Locations: Copenhagen, Denmark, Rights COPENHAGEN, Danish, United States, Stockholm

☆ KeyBanc downgrades Apple to sector weight. Here's what the pros say
▼ + stars: | 2023-10-04 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the iPhone maker after KeyBanc downgraded the stock late Tuesday to sector weight from overweight. The firm said U.S. sales will likely struggle. The analyst behind the call, Brandon Nispel, wrote that he expects " trends in key markets such as the U.S. to remain soft ." Apple is currently held in Cramer's Charitable Trust portfolio.

Persons: Jim Cramer, KeyBanc, Brandon Nispel Organizations: Trust Locations: U.S

Last month’s average temperature was 0.93 degrees Celsius (1.7 degrees Fahrenheit) above the 1991-2020 average for September. “This is not a fancy weather statistic,” Imperial College of London climate scientist Friederike Otto said in an email. This past September was 1.75 degrees Celsius (3.15 degrees Fahrenheit) warmer than the mid-1800s, Copernicus reported. The world agreed in 2015 to try to limit future warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) warming since pre-industrial times. “This month was, in my professional opinion as a climate scientist – absolutely gobsmackingly bananas,” climate scientist Zeke Hausfather said on X, formerly known as Twitter.

Persons: “, ”, Copernicus, Carlo Buontempo, Friederike Otto, Samantha Burgess, Jessica Moerman, El Nino, Buontempo, ” Otto, Zeke Hausfather, ___ Read, Seth Borenstein Organizations: Imperial College of London, El Nino, Evangelical Environmental, Twitter, AP Locations: U.S

DETROIT (AP) — Automakers posted big increases in new vehicle sales during the summer, despite high prices, rising interest rates and even a limited strike against Detroit companies. Industry sales rose 16.3% from July through September as consumer demand stayed strong, even given an average new vehicle loan rate of 7.4% and an average vehicle price of more than $45,500. Vehicle supplies also continued to recover from shortages of computer chips and other parts that began during the pandemic and are finally abating. General Motors posted a 21.2% increase, while Toyota sales rose 12.2%. Kia sales rose 13.8%.

Persons: ”, Ivan Drury, Drury, General Motors, Power, Ford Organizations: DETROIT, Detroit, Industry, Federal Reserve, General, Toyota, Honda, Nissan, Hyundai, Kia, Ford, Analysts, United Auto Workers, General Motors, Stellantis Locations: U.S

☆ Bill Ackman says the economy is starting to slow and the Fed is likely done hiking
▼ + stars: | 2023-10-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Pershing Square's Bill Ackman on Monday sounded alarms on the economy, which he believes has begun to decelerate on the back of aggressive rate hikes. I think the economy is starting to slow," Ackman said on CNBC's "Squawk Box." "I think the level of real interest rates is high enough to slow things down." "High mortgage rates ... high credit card rates, they're starting to really have an impact on the economy," Ackman said. "The 30 year Treasury is likely to go higher," Ackman said.

Persons: Pershing, Bill Ackman, Ackman Organizations: Federal Reserve, Treasury, Securities, Exchange Commission

☆ The market has shaken off government shutdowns in the past. Here's what Wall Street expects
▼ + stars: | 2023-09-29 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

A government shutdown looming on the horizon could dampen sentiment to start October even as Wall Street wraps up what's been a challenging month and quarter. Many market participants expect that the financial markets and economy will broadly shake off concerns from a shutdown as they have in the past. "The market's probably going to set it aside until or unless it starts to have a larger impact on behaviors." Economic impact Historically, government shutdowns have been relatively short-lived, though they have been longer and more disruptive recently. Meanwhile, Jay Woods, chief global strategist at Freedom Capital Markets, expects the government shutdown is "all bark and no bite" when it comes to market reaction.

Persons: Wells Fargo, Rob Haworth, Wells, Michael Pugliese, Bank's Haworth, Aditya Bhave, Jay Woods, Woods, Jeff Hirsch, Hirsch, Lamb Weston Organizations: RBC Capital Markets, Federal Reserve, U.S . Bank, Nasdaq, BEA, Bank of America U.S, Labor, Freedom Capital, Atlanta Fed's, PMI, Manufacturing, McCormick, ADP, Services PMI, Constellation Brands, Conagra, Consumer Credit Locations: Wells Fargo

☆ US government shutdown would 'undermine' US economic progress, Yellen says
▼ + stars: | 2023-09-29 | by ( David Lawder | ) www.reuters.com time to read: +3 min

[1/2] Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/ File Photo Acquire Licensing RightsWASHINGTON, Sept 29 (Reuters) - A government shutdown that could start this weekend would "undermine" U.S. economic progress by idling key programs for small businesses and children, and could delay major infrastructure improvements, U.S. Treasury Secretary Janet Yellen said on Friday. A shutdown of broad parts of the government would start on Sunday as the new fiscal year starts without new spending legislation from Congress. Chances of a shutdown increased on Thursday as the House pursued partisan spending cuts and the Senate advanced separate legislation to temporarily extend spending. "The failure of House Republicans to act responsibly would hurt American families and cause economic headwinds that could undermine the progress we’re making," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, Lael Brainard, Brainard, " Brainard, We've, David Lawder, Ann Saphir, Philippa Fletcher, Jonathan Oatis Organizations: Treasury, Rights, Port, Republicans, Senate, CNBC, . Commerce, Thomson Locations: United States, New York, U.S, Savannah, Georgia

☆ Stock futures are little changed after Tuesday's sharp losses: Live updates
▼ + stars: | 2023-09-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures rose by 34 points, or 0.1%. Futures linked to the S&P 500 inched up 0.1%, while Nasdaq 100 futures added 0.1%. Economists' estimates called for 695,000, per Dow Jones. Economists polled by Dow Jones had forecasted 105.5. Economists expect they declined 0.5%, according to Dow Jones.

Persons: Dow, Dow Jones, Rob Haworth, Blanke, Robert Schein, Schein Organizations: Dow Jones Industrial, Nasdaq, Costco, Homes, Census Bureau, Department of Housing, Urban Development, Conference, Bank Asset Management, Micron Technology Locations: U.S

The Americans now have gone 30 years without winning the Ryder Cup away from home, a losing streak the entire team knows all too well. “The obvious bullet points don't need to be mentioned, and that's one of them.”The context of this losing streak can be presented in so many ways. Phil Mickelson was there for all six losses during the losing streak. "It's like chalk and cheese the way a U.S. Ryder Cup golf course is set up compared with a European course. “Europe obviously has an amazing identity with the Ryder Cup,” Fleetwood said.

Persons: GUIDONIA MONTECELIO, “ It's, ”, Zach Johnson, Deane Beman, Tiger Woods, Dan Hicks, Raymond Floyd, He's, hasn't, ” Hicks, Justin Leonard, Davis, Davis Love III, Woods, Phil Mickelson, Phillip Price, Paul Azinger, “ Ole, Rory McIlroy, ” McIlroy, Medinah, it's, Jordan Spieth, “, you'd, ” Spieth, —, Sergio Garcia, Azinger, ” Azinger, ” Johnson, Rickie Fowler, Justin Thomas, Brooks Koepka, Scottie Scheffler, Tommy Fleetwood, Nick Faldo, Seve Ballesteros, Sandy Lyle, Bernhard Langer, Ian Woosnam, Paul Lawrie, ” Fleetwood Organizations: Ryder, U.S ., USA, PGA Tour, NBC, Tiger, British, Davis Love, PGA Championship, Valderrama, Wales, Europe, Team Europe, Carnoustie Locations: Italy, Europe, Ireland, Wales, Scotland, U.S, Spain, France, America, Vegas

Details of how the Taliban intend to expand and manage mass surveillance, including obtaining the U.S. plan, have not been previously reported. "At the present we are working on a Kabul security map, which is (being completed) by security experts and (is taking) lots of time," he said. The Taliban strongly denies that an upgraded surveillance system would breach the rights of Afghans. A July U.N. monitoring report said there were up to 6,000 Islamic State fighters and their family members in Afghanistan. The Afghan "home base" locations of Islamic State fighters are in the eastern mountainous areas, said Schroden.

Persons: Ali Khara, Abdul Mateen Qani, Washington, didn't, Qani, Amrullah Saleh, Saleh, Jonathan Schroden, Matt Mahmoudi, ETIM, ETIM couldn't, Afghanistan Thomas West, Mohammad Yunus Yawar, Charlotte, Jonathan Landay, David Kirton, Liz Lee, Katerina Ang Organizations: REUTERS, Rights, Islamic, Huawei, U.S, of Interior, Reuters, U.S.A, U.S State Department, RIC, Bloomberg News, Foreign Ministry, NATO, Center for Naval, Protect Journalists, Taliban, Amnesty International, East Turkestan Islamic, Security, Special, State, Ece Toksabay, Thomson Locations: China, Kabul, Afghanistan, Rights KABUL, Islamic State, —, Turkey, Turkish, Pakistan, United States, East Turkestan, Xinjiang, State, Russian, Charlotte Greenfield, Islamabad, Washington, Shenzhen, Beijing, Ankara

But the challenge facing Fulton County Judge Scott McAfee in Georgia is unlike any of the others. For one, he is the only judge so far to allow television cameras in the courtroom to broadcast hearings and any trials. And the trials will play out in a battleground state that Trump narrowly lost in 2020. But the experience of some judges who have been thrust into the public eye point to potential pitfalls and dangers ahead for the 34-year-old Georgia native. “Hopefully, you have a life outside the law,” Cahill said during his talk in Reno about handling high-profile cases.

Persons: Peter Cahill, Derek Chauvin, George Floyd, you’re, ”, Donald Trump, Scott McAfee, Rudy Giuliani, Mark Meadows, McAfee, Aileen Cannon, Reggie Walton, Lewis ” Scooter, Libby, Dick Cheney, Roger Clemens, “, Lance Ito, Simpson, Critics, Jay Leno ”, Elizabeth Scherer, Nikolas Cruz, Cruz, Scherer, Eric Davis, Tanya Chutkan, Ito, Judy, he's, Han Chung, Chung, Trump's, E, Susan Garsh, Aaron Hernandez, ” Garsh, Fani Willis, Trump, Willis, — Chutkan, Barack Obama, Juan Manuel Merchan, Merchan, Chutkan, Brian Kemp, Kemp, ” Cahill Organizations: ATLANTA, Minnesota, National Judicial College, New York, Trump White House, Trump, Georgia, Senior, Associated Press, Los Angeles Superior, Delaware, Systems, Fox News, American Bar Association, U.S, New Yorker, McAfee, Massachusetts, New England Patriots, AP, Patriots, University of Georgia, Republican, Federalist Society, Emory University, Georgia Aquarium Locations: Minneapolis, Reno , Nevada, Fulton, Georgia, U.S, Florida, Los, Parkland, Washington, Fulton County, Gwinnett County, Reno

☆ California lets insurers factor wildfire risks in rates to widen coverage
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

A house is fully engulfed by flames at the Dixie Fire, a wildfire near the town of Greenville, California, U.S. August 5, 2021. REUTERS/Fred Greaves/File Photo Acquire Licensing RightsCompanies Liberty Mutual Group Inc FollowSept 21 (Reuters) - California Insurance Commissioner Ricardo Lara took steps on Thursday to allow property insurers to factor in climate risks including wildfires in rate prices, if they increase underwriting in at-risk areas to wean consumers off state-funded coverage. The measures by the state's insurance regulator follow an executive order by Governor Gavin Newsom urging regulatory action to expand coverage in underserved areas, account for catastrophe risks in rates, and keep the FAIR Plan solvent. The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year. Reporting by Deep Vakil in Bengaluru; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Fred Greaves, Ricardo Lara, Lara, Gavin Newsom, Gallagher, Fitch, Jamie Freed Organizations: REUTERS, Companies Liberty Mutual Group, California Insurance, State Farm, Liberty Mutual, FAIR, Gallagher Re, Thomson Locations: Greenville , California, U.S, California, Florida, Bengaluru

☆ Biden, Brazil's Lula to launch initiative focused on workers' rights
▼ + stars: | 2023-09-20 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

U.S. President Joe Biden and Brazilian President Luiz Inacio Lula da Silva walk down the colonnade of the White House, in Washington, U.S. February 10, 2023. Andrew Caballero-Reynolds/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Sept 20 (Reuters) - U.S. President Joe Biden and Brazilian President Luiz Inacio Lula da Silva will launch an initiative on Wednesday to advance the rights of working people, a main focal point for both leaders, senior U.S. officials said. The U.S.-Brazil Partnership for Workers' Rights will be bilateral to start, but other countries and organizations will be encouraged to join, senior Biden administration officials said, without naming other possible participants. Biden and Lula will make an announcement when they have their second in-person meeting on Wednesday while in New York for the annual high-level United Nations General Assembly. But the official added that it was Brazil's sovereign right to engage in relationships with China and other countries.

Persons: Joe Biden, Luiz Inacio Lula da Silva, Andrew Caballero, Reynolds, Biden, Lula, Andrea Shalal, Lisandra, Grant McCool, Jonathan Oatis Organizations: White, Rights, U.S, Brazil Partnership, Workers, Biden, United Nations General Assembly, United Auto Workers, Ford, General Motors, Chrysler, Security, Thomson Locations: Washington , U.S, U.S, New York, United States, Brazil, States, China, Beijing, Washington, Haiti, Brasilia

☆ Gold stalls as Fed caution keeps investors at bay
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: +2 min

Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Gold prices were subdued on Wednesday as investors remained cautious ahead of the Federal Reserve's policy decision, where the U.S. central bank is expected to stay put on interest rates, but prospects loom for further hikes later this year. Spot gold was down 0.1% at $1,929.86 per ounce by 0517 GMT, holding below its highest level since Sept. 5 reached on Tuesday. The Fed's rate-setting policy committee will release a new policy statement and interest rate decision at 1800 GMT, with Fed Chair Jerome Powell scheduled to hold a press conference at 1830 GMT. A more hawkish Fed on the back of stronger-than-expected August U.S. CPI and PPI data released last week should see downside risk to gold prices, NAB Commodities Research said in a note.

Persons: Jerome Powell, Jun Rong, Janet Yellen, Wang Tao Organizations: Treasury, Fed, IG, CPI, PPI, NAB Commodities Research Locations: Moscow, Russia, ., U.S

NEW YORK/WASHINGTON, Sept 19 (Reuters) - Treasury Secretary Janet Yellen said U.S. growth needed to slow to a rate more in line with its potential growth rate to bring inflation back to target levels since the economy was operating at full employment. "Growth has to slow. I mean, you want growth to slow, you want it to be in line with potential when you're operating at full employment," Yellen told reporters on Tuesday on the sidelines of a climate event. "It's completely natural and desirable, that growth, the pace of growth, is slowing." Yellen did not specify what that potential growth rate was, except to say the economy has been growing above that level.

Persons: Janet Yellen, Yellen, Biden, David Lawder, Kanishka Singh, Leslie Adler, Deepa Babington Organizations: Treasury, Thomson Locations: WASHINGTON, China, U.S, United States

☆ Brazil's President Calls U.S. Economic Embargo on Cuba 'Illegal,' Condemns Terrorist List Label
▼ + stars: | 2023-09-16 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

And to this day it is the victim of an illegal economic embargo," Lula said in a speech opening the G77 Summit of developing nations in the capital, Havana. The comments were made just hours before Lula left for New York, where he will attend the United Nations General Assembly and have bilateral talks with Biden. Earlier, Cuba expressed concerns over the label and Washington’s decades-old Cold War-era economic embargo against the island governed by the Communist Party of Cuba. Cuba and critics of the economic sanctions say the embargo prevents and hampers access to food, medicine and other critical development supplies. In 2019, during the first year of right-wing Jair Bolsonaro's administration, Brazil voted against the motion along with the United States and Israel.

Persons: Luiz Inacio Lula da Silva, Donald Trump, Biden, Lula, Lisandra Paraguassu, Steven Grattan, Aurora Ellis Organizations: Reuters, Former U.S, Trump, United Nations General Assembly, Communist Party of Cuba, European Union, U.S . State Department, United Nations Locations: BRASILIA, Cuba, United States, Havana, Brazil, New York, Israel, Paris

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