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☆ S&P 500, Nasdaq futures down as chip stocks fall, focus on Powell
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +3 min

Semiconductor stocks including Intel (INTC.O), Marvell Technology (MRVL.O) and Qualcomm (QCOM.O) fell more than 1% each. Investors are focused on a panel discussion of key central bank policymakers including Powell and European Central Bank President Christine Lagarde at the ECB annual forum in Sintra, Portugal. The S&P 500 and Nasdaq hit more than one-year highs last week while the Dow scaled a six-month peak before hawkish comments from Powell sparked a selloff. Investors will also keep an eye on bank stocks, with the Fed scheduled to release 2023 results of its annual stress test of large banks after markets close on Wednesday. ET, Dow e-minis were up 20 points, or 0.06%, S&P 500 e-minis were down 4 points, or 0.09%, and Nasdaq 100 e-minis were down 36 points, or 0.24%.

Persons: Powell, Jerome Powell, Christine Lagarde, Russ Mould, AJ Bell, Dow, General Mills, Sruthi Shankar, Johann M, Vinay Dwivedi Organizations: Nasdaq, Dow, Federal, Nvidia, Devices, Wall Street Journal, Commerce Department, Semiconductor, Intel, Marvell Technology, Qualcomm, European Central Bank, ECB, Traders, Dow e, Boeing, Thomson Locations: China, U.S, Sintra , Portugal, Bengaluru

☆ Farm boom, fires make Bolivia No. 3 in world for forest loss
▼ + stars: | 2023-06-28 | by ( Lucinda Elliott | ) www.reuters.com time to read: +3 min

[1/2] A burnt forest is pictured at the Guarani Nation Ecological Conservation Area Nembi Guasu in the Charagua region, an area where wildfires have destroyed hectares of forest, Charagua, Bolivia, August 23, 2019. REUTERS/David Mercado/FILE PHOTOMONTEVIDEO, June 28 (Reuters) - Forest loss in Bolivia accelerated by about a third last year with clearances in the country trailing only giant neighbor Brazil and the Democratic Republic of Congo, a forest monitoring project report shows, blaming farm expansion and fires. The South American country lost nearly around 3,860 square kilometers (1,490 square miles) of primary forest in 2022, according to Global Forest Watch, an area nearly the size of Rhode Island. Fires, some linked to land clearances, have also played a big part in forest loss in recent years, the Global Forest Watch report said. In a report on Monday Global Forest Watch, backed by the nonprofit World Resources Institute and drawing on forest data collected by the University of Maryland, said the world lost an area of old-growth tropical rainforest the size of Switzerland last year.

Persons: David Mercado, Marlene Quintanilla, Daniel Larrea, Lucinda Elliott, Adam Jourdan, David Gregorio Our Organizations: Ecological Conservation, REUTERS, Democratic, Global Forest Watch, Nature Foundation, Global, Watch, Monday Global Forest Watch, World Resources Institute, University of Maryland, Thomson Locations: Guarani, Charagua, Bolivia, MONTEVIDEO, Brazil, Democratic Republic of Congo, Rhode Island, Santa Cruz, Beni, Bolivian, Switzerland

At its peak in 2011, the swap deal was worth $70 billion. With both sides sitting on ample foreign exchange reserves, the swap deal is unlikely to be put into action anytime soon, he added. Masato Kanda, Japan's vice finance minister for international affairs also said the currency swap deal would promote co-operation. The bilateral finance talks were to have taken place every year under a 2006 agreement, but were last held in 2016. With China and North Korea growing concerns, South Korean President Yoon Suk Yeol met with Japanese Prime Minister Fumio Kishida in May, the third between the two this year, marking a thaw in years of icy relations between the Asian neighbours.

Persons: Yoon Suk Yeol, Kim Keon, Issei Kato, Shunichi Suzuki, Choo, Suzuki, Masato Kanda, Kanda, Fumio Kishida, Tetsushi Kajimoto, Jihoon Lee, Edwina Gibbs, Clarence Fernandez, Kim Coghill Organizations: Tokyo International, REUTERS, Japanese Finance, Korean, Japanese, South Korea, Thomson Locations: Korean, Tokyo, Japan, Seoul TOKYO, SEOUL, South Korea, Seoul, China, North Korea, South

☆ Starbucks to issue 'clearer' decor rules after pride month clash - Bloomberg News
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

Companies Starbucks Corp FollowJune 26 (Reuters) - Starbucks (SBUX.O) plans to issue centralized guidelines for in-store visual displays following a union's allegations that managers banned Pride-themed decor, Bloomberg News reported on Monday, citing an internal memo shared with employees. Starbucks store leaders can decorate stores for heritage months such as Pride in line with safety standards, the company's North America President Sara Trilling said in the memo, according to the report. More than 3,000 workers at over 150 Starbucks stores in the United States will walk off the job, the union said on Friday. Starbucks, NLRB and the union did not immediately respond to Reuters' requests for comment. Reporting by Akanksha Khushi in Bengaluru; Editing by Subhranshu Sahu and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Sara Trilling, baristas, Akanksha, Subhranshu Sahu, Rashmi Organizations: Starbucks Corp, Bloomberg, North, Starbucks, National Labor Relations Board, NLRB, U.S, Thomson Locations: United States, Bengaluru

☆ More than $200 billion in Covid loans potentially stolen by fraudsters, watchdog says
▼ + stars: | 2023-06-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Fraudsters potentially stole more than $200 billion in federal loans intended to help small businesses struggling during the Covid pandemic, a government watchdog said on Tuesday. More than $136 billion from Economic Injury Disaster Loan program and $64 billion from the Paycheck Protection Program loans was potentially stolen, the inspector general found. In total, SBA disbursed $400 billion in EIDL funds and $800 billion in Paycheck Protection Program loans during the life of the programs. These investigations have led to nearly $30 billion in stolen loans being seized or returned by federal law enforcement agencies. The Economic Injury Disaster Loan program provided low-interest, fixed-rate loans to help small businesses nd other organizations to help cover their operating expenses.

Persons: Kevin Chambers, Hannibal, Mike, Ware, Michael Horowitz, Roy D, Dotson Jr, Bailey DeVries, DeVries, Trump, nonpayment Organizations: Department of Justice, Small Business Administration, United States Secret, Small, Administration, Injury, SBA Locations: Rayburn, Washington ,

☆ Over 1,000 Afghan civilians killed in blasts, violence since August 2021 - UN
▼ + stars: | 2023-06-27 | by ( Charlotte Greenfield | ) www.reuters.com time to read: +2 min

June 27 (Reuters) - Over a thousand Afghan civilians were killed in bombings and other violence since foreign forces left and the Taliban took over in 2021, according to a report by the U.N.'s mission to Afghanistan released on Tuesday. Between Aug. 15 2021 and May this year 1,095 civilians were killed and 2,679 wounded, according to the U.N. Mission to Afghanistan (UNAMA), underscoring the security challenges even after the end of decades of war. Though armed fighting has fallen dramatically since the Taliban took over in August 2021 as the NATO-backed military collapsed, security challenges remain, particularly from the Islamic State. The militant group was responsible for the majority of attacks, according to the UNAMA, which also noted that the deadliness of attacks had escalated despite fewer violent incidents. Just over 1,700 casualties, including injuries, were attributed to explosive attacks claimed by Islamic State, according to UNAMA.

Persons: Charlotte Greenfield, Stephen Coates Organizations: Taliban, NATO, Islamic, Security, Thomson Locations: Afghanistan, Mission, Islamic State, Emirate

Chinese officials have repeatedly said they want those sanctions, imposed in 2018, dropped to facilitate discussions. This scuppered planned talks between theatre-level commands, regular defence policy co-ordination and military maritime consultations, which included operational safety issues. Diplomats and Chinese analysts say military attaches at embassies Beijing and Washington are still able to meet officials - an important element of routine communication. Senior Chinese military intelligence officials also participated in a secret meeting of regional spies in Singapore earlier this month - a session that included U.S. Director of National Intelligence Avril Haines. The official said some lower-level interactions with the Chinese military had continued.

Persons: Antony Blinken, Lloyd Austin, Li Shangfu, Li, Nancy Pelosi's, National Intelligence Avril Haines, Austin, Zhou Bo, Yang Tao, Admiral John Aquilino, General Lin Xiangyang, Greg Torode, Tian, Idrees Ali, Phil Stewart, Gerry Doyle Organizations: . Defence, China's Defence, Taiwan, Pentagon, Diplomats, National Intelligence, PLA, Beijing's Tsinghua University . Senior, Reuters, U.S, Pacific Command, Eastern Theatre, Thomson Locations: HONG KONG, East Asia, China, United States, Beijing, Singapore, U.S, Taiwan, Washington, Hong Kong

LONDON, June 28 (Reuters) - UK law can accommodate crypto assets by creating a new category of personal property that would include digital assets, independent body the Law Commission said on Wednesday. The group also said the government should create a panel of experts to advise courts on legal issues involving digital assets. These steps would support the UK government's aim of becoming a global hub for crypto assets, the Law Commission said in a statement. “The use and importance of digital assets has grown significantly in the last few years," said Sarah Green, law commissioner for commercial and common law. He asked the Law Commission to review whether current laws can accommodate digital assets.

Persons: Sarah Green, Rishi Sunak, Adam Sanitt, Norton Rose Fulbright, Sanitt, Elizabeth Howcroft, Mark Potter Organizations: Commission, Norton Rose, Thomson Locations: England, Wales

☆ Japan stocks are roaring back. This rally may be different from the 1990's 'bubble high'
▼ + stars: | 2023-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

The bubble burst after the Bank of Japan tightened monetary policy at the start of 1990, triggering the collapse of equity and land prices. But analysts who spoke to CNBC said Japan is not headed for another crash like the one during the bubble. Furthermore, "current high inflation rates in Japan are due to higher import costs on the back of a weaker yen and high commodity prices. What led to Japan's bubble? Nikkei reported in March that share buybacks by Japanese companies was set to reach their highest level in 16 years.

Persons: Kazuhiro NOGI, KAZUHIRO NOGI, Nogi, Dong Chen, Ryota Abe, Abe, Japan's, Shinzo Abe, Chen, SMBC, Warren Buffet's Organizations: Nikkei, Getty, Afp, Bank of Japan, CNBC, Sumitomo Mitsui Banking Corporation, Tokyo Exchange, Billionaire, Global Locations: Tokyo, AFP, Japan, China

☆ US considering new restrictions on AI chip exports to China - WSJ
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - The United States is considering new restrictions on exports of artificial intelligence chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia (NVDA.O) fell more than 2%, while Advanced Micro Devices (AMD) (AMD.O) fell about 1.5% on the news in extended trading. The Commerce Department will stop the shipments of chips made by Nvidia and other chip companies to customers in China as early as July, the report said. Nvidia, Micron, and AMD are among the U.S. chipmakers caught in the crossfire between China and the Biden administration. Months later, Jensen Huang-led Nvidia said it will offer a new advanced chip called the A800 in China to meet export control rules.

Persons: chipmakers, Biden, Jensen Huang, Granth Vanaik, Akash Sriram, Maju Samuel, Shweta Agarwal Organizations: Wall Street, Nvidia, Devices, Commerce Department, Micron, AMD, U.S, The Commerce Department, Thomson Locations: United States, China, Bengaluru

It is also looking to hire a lawyer with a specialty in trade compliance to help Temu create a protocol for screening merchandise, another posting showed. The U.S. House Select Committee on the China Communist Party in May launched an investigation into retailers' connections to forced labor in China's Xinjiang region, including any efforts to comply with the Uyghur Forced Labor Prevention Act. The committee last week released preliminary findings stating that Temu "does not have any system to ensure compliance" with the act. Temu's 80,000 "suppliers agree to boilerplate terms and conditions that prohibit the use of forced labor," the report said. Rights groups accuse Beijing of abuses including forced labor and placing 1 million or more Uyghurs - a mainly Muslim ethnic group - in internment camps in Xinjiang.

Persons: Temu, Shein, Arriana McLymore, Jamie Freed Organizations: YORK, PDD Holdings, New Zealand, Reuters, U.S, China Communist Party, Uyghur, Labor, Thomson Locations: U.S, Xinjiang, China, Canada, Australia, New, China's Xinjiang, United States, Xingiang, Beijing, New York

☆ DOJ issues scathing rebuke of Bureau of Prisons detailing multiple failures that led to Jeffrey Epstein’s suicide
▼ + stars: | 2023-06-27 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +5 min

The report indicated the Bureau of Prisons’ failings were troubling not only because they did not safeguard Epstein but also because they “led to numerous questions about the circumstances surrounding Epstein’s death” and denied Epstein’s victims justice. Two guards on duty the night of Epstein’s death later admitted to falsifying records at the time. According to the initial indictment against the two guards, on the night of Epstein’s suicide, both individuals repeatedly failed to complete the required prisoners check during their watch. On the day before he was found dead in his prison cell, Epstein was also allowed by prison staff to make an unmonitored phone call, despite prison policy requiring all phone calls to be monitored. In August 2021, two years after Epstein’s death, the BOP announced it would close Metropolitan Correctional Center, citing the need to improve conditions in the facility.

Persons: Jeffrey Epstein, ”, Epstein, ” Epstein, OIG Organizations: CNN, Department’s Office, Prisons, Federal Bureau of Investigation’s, Metropolitan Correctional Center, Justice Department, Southern, of, MCC, FBI, Force, BOP, Correctional Center, Office Locations: New York, of New York

WASHINGTON, June 27 (Reuters) - Over $200 billion from the U.S. government's COVID-19 relief programs were likely stolen, a federal watchdog said on Tuesday, adding that the U.S. Small Business Administration (SBA) had weakened its controls in a rush to disburse the funds. The SBA disputed the more than $200 billion figure put forward by the watchdog and said the inspector general's approach had significantly overestimated fraud. The agency said its experts put the likely fraud estimate at $36 billion and added that over 86% of that likely fraud took place in 2020, when the administration for former President Donald Trump was in office. The fraud estimate put forward by the inspector general for the EIDL program stood at more than $136 billion while the PPP fraud estimate was $64 billion. Earlier this year, a separate watchdog report said the U.S. government likely awarded about $5.4 billion in COVID-19 aid to people with questionable Social Security numbers.

Persons: government's, Donald Trump, Joe Biden, General Merrick Garland, Kevin Chambers, fraudsters, Kanishka Singh, Aurora Ellis Organizations: U.S . Small Business Administration, SBA, Force, U.S . Justice Department, U.S . Labor Department, Social, Thomson Locations: United States, U.S, COVID, Washington

☆ Ozempic’s Other Unexpected Side Effect Is All in Your Head
▼ + stars: | 2023-06-27 | by ( Daniela Hernandez | ) www.wsj.com time to read: 1 min

S1 E43The Brain Science of Aggression and Why Lashing Out Can Feel Good Nearly one in four people surveyed in Gallup's latest Global Emotions Report said they’d recently felt anger. WSJ’s Daniela Hernandez explains the neuroscience behind rage, the roles it plays in our lives and how we can keep it in check. Photo composite: David Fang

Persons: they’d, WSJ’s Daniela Hernandez, David Fang

Despite a recent global pledge to reach zero deforestation by 2030, tropical forest loss last year exceeded 2021 levels. Global Forest Watch assessed 'primary forests', which includes mature forests that have not been cleared or regrown in recent history. The Democratic Republic of the Congo and Bolivia suffered the greatest losses of tropical forest after Brazil. The Global Forest Watch analysis found deforestation in 2022 was more than 10,000 sq km (3,900 sq miles) in excess of what would be needed to halt it by 2030. The world lost 10% less forest in 2022 than 2021, as fewer big fires burned in the Russian boreal forest, though the country still lost 43,000 sq km (16,600 sq miles) of tree cover last year.

Persons: Jair, Francis Seymour, Rod Taylor, Gloria Dickie, Clarence Fernandez Organizations: Global Forest Watch, World Resources Institute, University of Maryland, Watch, Democratic, Thomson Locations: Switzerland, Brazilian, Brazil, Indonesia, Malaysia, Democratic Republic of, Congo, Bolivia

☆ Federal investigators are sure no one strangled Jeffrey Epstein
▼ + stars: | 2023-06-27 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

The DOJ's watchdog released a report detailing the circumstances leading up to Jeffrey Epstein's death. The report confirms that Epstein died by suicide and was not strangled, as some have speculated. The report, however, slams federal officials for failing to prevent Epstein's death. The report also appears to confirm that Epstein died by suicide and was not strangled, as some have speculated. Justice Department officials also interviewed staffers at the Metropolitan Correctional Center, where Epstein was awaiting trial before his death.

Persons: Jeffrey Epstein's, Epstein, —, SHU Organizations: Service, Justice, Metropolitan Correctional Center, SHU Locations: Manhattan

☆ Prigozhin tried to call Putin when he realized his rebellion had 'gone too far' but the Russian president ignored him: report
▼ + stars: | 2023-06-27 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Yevgeny Prigozhin tried calling Vladimir Putin during the Wagner Group rebellion, a report says. According to sources near the Kremlin, Prigozhin then "tried to call Putin, but the president didn't want to speak with him." Meduza's sources told the outlet that Prigozhin likely realized that "he'd gone too far" and "prospects for his column to continue to advance were dim." His boasts that members of the Russian military were prepared to join his rebellion had not materialized. The Kremlin said Wagner fighters would be offered a chance to enrol in the Russian military, and charges against Prigozhin and Wagner rebels would not be pursued.

Persons: Yevgeny Prigozhin, Vladimir Putin, Wagner, —, Prigozhin's, Don Saturday, Putin, Prigozhin, didn't, he'd, Meduza, Viktor Lukashenko's Organizations: Wagner, Kremlin, Service, Wagner Group, Federal Security Service, West Locations: Russian, Rostov, Moscow, Ukraine, Africa

☆ UBS to cut more than half of Credit Suisse workforce, report says
▼ + stars: | 2023-06-27 | by ( ) www.cnbc.com time to read: +1 min

This photograph taken on March 24, 2023 in Geneva, shows a sign of Credit Suisse bank. UBS Group is looking to cut more than half of Credit Suisse's workforce from next month as a result of the bank's takeover, Bloomberg News reported on Tuesday. Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, the report said. UBS and Credit Suisse declined to comment. Reuters had last week reported that UBS will cut Asia investment banking jobs at Credit Suisse next month, with significant reduction in investment bankers covering Australia and China.

Persons: Sergio Ermotti Organizations: Suisse, UBS Group, Bloomberg, . Bankers, Credit, UBS, headcount, Credit Suisse, Reuters Locations: Geneva, London , New York, Asia, Swiss, Australia, China

☆ Racism, sexism and class-based discrimination ‘widespread’ in English cricket, independent report finds
▼ + stars: | 2023-06-27 | by ( Matt Foster | ) edition.cnn.com time to read: +5 min

CNN —An independent report into the culture of cricket in England and Wales has found racism, class-based discrimination, elitism and sexism to be “widespread” and “deep rooted” in the sport. The “Holding a Mirror Up to Cricket” report was written by the Independent Commission for Equity in Cricket (ICEC) and received more than 4,400 responses to its call for evidence between oral and written submissions. … The decline in Black cricket in England and Wales has been well documented and subject to much public debate for many years. Regarding sexism, the report said: “Women are still seen as an ‘add on’ to the men’s game. “The apology should acknowledge that racism, sexism, elitism and class-based discrimination have existed, and still exist, in the game, and recognise the impact on victims of discrimination.

Persons: George Floyd, ”, Cindy Butts, Azeem Rafiq, Butts, Rafiq, Ben Stokes, Joe Root, Heather Knight, …, Richard Thompson Organizations: CNN, Cricket, Independent Commission, Equity, Wales Cricket Board, Culture, Media, Sport Committee, England men’s, ECB, ”, England Women, England Locations: England, Wales, “

☆ UBS to cut more than half of Credit Suisse workforce - Bloomberg News
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - UBS Group (UBSG.S) is looking to cut more than half of Credit Suisse's workforce from next month as a result of the bank's takeover, Bloomberg News reported on Tuesday. Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, the report said. UBS and Credit Suisse declined to comment. Reuters had last week reported that UBS will cut Asia investment banking jobs at Credit Suisse next month, with significant reduction in investment bankers covering Australia and China. Earlier this month, UBS Chief Executive Sergio Ermotti warned of painful decisions about job cuts following the takeover of Credit Suisse, but did not give details about the number of potential layoffs.

Persons: Sergio Ermotti, Rishabh, Arun Koyyur Organizations: UBS, Bloomberg, . Bankers, Credit, headcount, Credit Suisse, Reuters, Thomson Locations: London , New York, Asia, Swiss, Australia, China, Bengaluru

☆ Jeffrey Epstein likely rehearsed his suicide on July 23, but he was still left to accomplish the real thing weeks later, federal inspectors found
▼ + stars: | 2023-06-27 | by ( Michelle Mark | ) www.businessinsider.com time to read: +4 min

Jeffrey Epstein likely rehearsed his suicide weeks before he died, an inspector's report says. Epstein was placed on suicide watch, but was later left unmonitored and with excess linens in his cell. The report documented a number of errors from jail staff, including "significant misconduct." The jail's chief psychologist had determined Epstein likely rehearsed his suicide in the early morning hours on July 23, 2019. Epstein initially told staff his cellmate had tried to kill him, but the cellmate told staff that he felt something hit his legs while he was asleep.

Persons: Jeffrey Epstein, Epstein, —, Mary Altaffer, unmonitored Organizations: Service, Metropolitan Correctional Center, Staff, Metropolitan Correctional, Associated Press, Reuters

June 26 (Reuters) - Certain banks working with FTX founder Sam Bankman-Fried's trading firm Alameda Research raised questions about the firm's wire activity as early as 2020, according to a report released by FTX on Monday. Federal prosecutors have alleged that Bankman-Fried stole billions of dollars in customer funds to plug losses at Alameda. He has previously said that when FTX did not have a bank account, some customers wired money to Alameda and were credited on FTX. In 2020, certain banks working with Alameda pressed the firm on its wire transfers, according to the report. One bank representative wrote to Alameda about references to FTX in the company's wire activity and asked whether the account was being used to settle trades on FTX.

Persons: Sam Bankman, FTX, Fried, Hannah Lang, Matthew Lewis Organizations: Alameda Research, Federal, Alameda, Thomson Locations: Alameda, FTX, An Alameda, Washington

☆ Economy at critical juncture in inflation fight: central-bank body
▼ + stars: | 2023-06-26 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

"The global economy is at a critical juncture. Stern challenges must be addressed," Agustin Carstens, BIS general manager, said in the organisation's annual report published on Sunday. It is the first time that, across much of the world, a surge in inflation has co-existed with widespread financial vulnerabilities. The longer inflation remains elevated, the stronger and prolonged the required policy tightening, the BIS report said, warning that the possibility of further problems in the banking sector was now "material". Commenting further on the economic picture, Carstens, former head of Mexico's central bank, said the emphasis was now on policymakers to act.

Persons: Stern, Agustin Carstens, Claudio Borio, Borio, Marc Jones, Emelia Sihtole Organizations: BIS, LONDON, Bank for International Settlements, Reuters, Reuters Graphics Reuters, Silicon Valley Bank, Credit Suisse, Bank of America, U.S . Federal Reserve, European Central Bank, Thomson Locations: Britain, Norway, Silicon

June 26 (Reuters) - People with disabilities in Spain and other European countries have been disproportionately affected by unprecedented heat extremes, a leading human rights watchdog said on Monday, urging authorities to provide adequate support. Human Rights Watch (HRW) said in a report that people with disabilities faced risk of death, physical, social, and mental health distress due to extreme heat particularly if "left to cope with dangerous temperatures on their own". Some people with disabilities are more likely to have health conditions or use medication that can affect the body's ability to respond to heat. Having to stay home due to the heat can also lead to social isolation, HRW said. HRW interviewed 33 people with disabilities in the Spanish region of Andalusia and all said "they felt neglected" during heatwaves.

Persons: Jonas Bull, Bull, Heatwaves, Catarina Demony, Frances Kerry Organizations: Human Rights Watch, Reuters, HRW, Thomson Locations: Spain, Europe, Spanish, Andalusia

☆ Central bank body BIS warns world economy at critical juncture in inflation fight
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: +4 min

The world's central bank umbrella body, the Bank for International Settlements (BIS), called for more interest rate hikes in its 2023 annual report, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Aaron Chown - Pa Images | Pa Images | Getty ImagesThe world's central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. If interest rates get to mid-1990s levels the overall debt service burden for top economies would, all else being equal, be the highest in history, Borio said. Banking crisesThe Swiss-based BIS held its annual meeting in recent days, where top central bankers discussed the turbulent last few months. Commenting further on the economic picture, Carstens, former head of Mexico's central bank, said the emphasis was now on policymakers to act.

Persons: Aaron Chown, Stern, Agustin Carstens, Claudio Borio, Borio Organizations: Bank for International Settlements, BIS, Reuters, Silicon Valley Bank, Credit Suisse Locations: Britain, Norway, Silicon

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