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Photo of Hisham Awartani, one of three Palestinian students shot in VT, with his mother, Elizabeth Price. Institute for Middle EastHisham Awartani, one of three Palestinian students who were shot while walking in Vermont is now paralyzed, his mother Elizabeth Price tells CNN. A 20-year-old junior at Brown University, Hisham was coming to terms with the “very long road he has in front of him," Price said. Price said Awartani was scheduled to be released from the hospital next week and will go on to receive rehabilitation care. Read More: One of the three Palestinian students shot in Vermont is paralyzed from the shooting, his mother says
Persons: Hisham Awartani, Elizabeth Price, Price, “ It's, it's, Hisham, ” Price, Awartani, Tahseen Ali Ahmad, Trinity College –, Jon Murad, Jason J, Eaton, Read Organizations: Elizabeth Price . Institute for Middle, CNN, Brown University, Haverford College, Trinity College, Burlington Police, West Bank Locations: Vermont, Burlington, Ramallah, United States
Plug Power shares have slipped 63% this year, Enphase Energy shares have plunged 60%, SolarEdge Technologies shares have declined 71% and NextEra Energy shares have slid 29%. Yet clean energy stocks haven’t recovered, despite hopes that an influx of US government spending on climate solutions would help revive the sector. The culprit behind clean energy stocks’ poor returns? Krull sees the current rut in clean energy stocks as a buying opportunity for investors. Clean energy stocks also aren’t the only way investors are putting their cash to work with a sustainability mindset.
Persons: Biden, Todd Jones, Jean Rosenbaum, Andrew Poreda, That’s, Peter Krull, Krull, ” Krull Organizations: New, New York CNN, Clean Energy, Enphase Energy, SolarEdge Technologies, NextEra Energy, Bank of America, Federal Reserve, Gratus Capital, Sage Advisory, Earth Equity Advisors, Nvidia Locations: New York, Paris
That's a far-cry from where many Wall Street pros thought stocks would end the year. Others, like analysts at Bank of America, BMO, and Deutsche Bank believe the market could roar to new all-time highs . Rather than try to guess where the market is heading next, investors would be better off finding high-quality stocks to invest in for the long run. Thankfully, Morningstar's Margaret Giles recently compiled a list of the stocks to buy now, drawn from analysts' larger collection of the best companies to own. These stocks have "predictable cash flows and are run by management teams that have a history of making smart capital-allocation decisions," she wrote.
Persons: Taylor Swift, JP Morgan, Morningstar's Margaret Giles Organizations: Business, JP, Bank of America, BMO, Deutsche Bank
Summary Ten leading development banks sign joint statementTo deepen collaboration across multiple themesNo mention of phasing out fossil fuel financingDUBAI, Dec 3 (Reuters) - Ten of the world's top development banks pledged to step up their climate efforts at the COP28 summit, yet failed to say anything about halting financing for fossil fuel projects, a document seen by Reuters showed. In a statement to be announced at the event in Dubai, the group, including the World Bank and regional peers, said the window of opportunity to secure a liveable planet was "rapidly closing". A new, joint Long-term Strategies Program, hosted by the World Bank, would coordinate support to help countries and sub-national entities develop plans around issues including decarbonisation and climate resilience. The group also pledged to help countries set up platforms to encourage a "collectively reinforcing combination" of support including around policy reform, finance and technical assistance. The banks planned to scale up finance to help countries adapt to the impacts of climate change, including through boosting support for disaster risk management, disaster preparedness and capacity building.
Persons: Antonio Guterres, Bernadette Baum Organizations: Reuters, World Bank, United Nations, European Investment Bank, Thomson Locations: DUBAI, Dubai, Glasgow
The October jobs report — with the economy adding just 150,000 jobs and the unemployment rate ticking up to 3.9% — was a disappointment. Of particular notice, the unemployment rate has increased by half a percentage point over the past six months. A simple way to show that things are still in balance is to look at Okun's law, a relationship between movements in the unemployment rate and economic activity. The historical record shows that once it rises half a percentage point, the unemployment rate tends to rise even more. The unemployment rate is already above the Fed's year-end forecast of 3.8% — the first time that's happened since March 2022.
Persons: Jerome Powell, it's, It's, we're, What's, what's, Neil Dutta Organizations: Federal Reserve, Fed, Macro Locations: joblessness, nonfarm payrolls
I'm a former fitness coach with a home in Mexico and a home in California. When I travel, I often get out of my exercise routine. AdvertisementAs a former fitness coach, I often have to remember to use the very strategies I once recommended to my clients. A common challenge they — and I — faced was how to get back into an exercise routine after a life interruption. I make sure my routine is funTo make exercise as easy as possible, I focus on what I enjoy doing most.
Persons: I'm, , I've Organizations: Service Locations: Mexico, California, Mexican, Guanajuato, Eureka, Humboldt Bay
He is expected to have dinner on Sunday with fellow leftist, German Chancellor Olaf Scholz, before the consultations on Monday. Scholz was the first foreign leader to visit Lula in Brazil, just weeks after his inauguration. The German Chancellor has been on a quest since taking office in late 2021 to improve ties with the Global South. Scholz will be hoping to avoid a scenario like in January when his visit to Brazil was overshadowed by differences over Russia's invasion of Ukraine. Lula last month said Israel was "committing terrorism" against Palestinians "by not taking into account that children are not at war, that women are not at war".
Persons: Luiz Inacio Lula da Silva, Ueslei Marcelino, Lula, Jair Bolsonaro, Olaf Scholz, Scholz, Lukas Koehler, Israel, Andreas Rinke, Sarah Marsh, Toby Chopra Organizations: Central Bank, REUTERS, Rights, Global, European Union, Mercosur, Brazil, EU, Free Democrats, U.S, Latin America, German, Thomson Locations: Brasilia, Brazil, Berlin, America, Germany, China, South, Argentina, Scholz's, Ukraine, Israel
Joachim Nagel, President of Germany's federal reserve Bundesbank addresses the media during the bank's annual news conference in Frankfurt, Germany March 1, 2023. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsNICOSIA, Dec 3 (Reuters) - Euro zone inflation will carry on declining in the months ahead but at a slower pace, Bundesbank President Joachim Nagel was quoted as telling Cypriot newspaper Kathimerini on Sunday. "We have not yet won the fight against inflation," said Nagel, who visited Cyprus last week. "Add in a scenario where an escalation of geopolitical tensions could imply higher inflation and it becomes clear that it would be way too early to declare victory over high inflation rates," said Nagel, an influential voice on the ECB's rate setting Governing Council. "All in all, I expect inflation to carry on declining, but at a slower pace and with possible bumps along the way," Nagel said.
Persons: Joachim Nagel, Kai Pfaffenbach, Nagel, " Nagel, Michele Kambas, David Goodman Organizations: REUTERS, Rights, Cypriot, Central Bank, ECB, Thomson Locations: Frankfurt, Germany, Rights NICOSIA, Cyprus
HONG KONG (AP) — A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande’s plans for restructuring its more than $300 billion in debts and staving off liquidation. The company, the world’s most indebted property developer, ran into trouble when Chinese regulators cracked down on excessive borrowing in the real estate sector. The Hong Kong High Court has postponed the hearing over Evergrande’s potential liquidation several times. But others including Country Garden, China's largest real estate developer, have also run into trouble, their predicaments rippling through financial systems in and outside China. Police are investigating Zhongzhi Enterprise Group, a major shadow bank in China that has lent billions in yuan (dollars) to property developers, after it said it was insolvent with up to $64 billion in liabilities.
Persons: Hui Ka Yan, Linda Chan, Evergrande Organizations: Hong, Hong Kong High Court, Police, Zhongzhi Enterprise Group Locations: HONG KONG, Hong Kong, Beijing, China
The deal, announced during the COP28 climate talks in Dubai on Sunday, is the first under the ADB's Energy Transition Mechanism (ETM) programme, which aims to help countries cut their climate-damaging carbon emissions. "If we don't address these coal plants, we're not going to meet our climate goals," David Elzinga said on the sidelines of the conference. "By doing this pilot transaction, we are learning what it takes to make this happen," David Elzinga said. ADB also has active ETM programmes in Kazakhstan, Pakistan, the Philippines, and Vietnam, and is considering transactions in two other countries, it said. Reporting by Simon Jessop and David Lawder; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: we're, David Elzinga, Simon Jessop, David Lawder, Christopher Cushing Organizations: Asian Development Bank, Reuters, Transition, ADB, PT PLN, PT, Indonesia Investment Authority, INA, Thomson Locations: DUBAI, Indonesia, Dubai, Kazakhstan, Pakistan, Philippines, Vietnam, Indonesian, Jakarta
[1/2] Members of the International Federation of Medical Students Associations hold placards during a protest demanding an end to fossil fuels at COP28 World Climate Summit, in Dubai, United Arab Emirates, December 3, 2023. Climate-related impacts "have become one of the greatest threats to human health in the 21st century", COP28 President Sultan Ahmed Al-Jaber said in a statement. The World Bank on Sunday launched a new Climate and Health program to explore possible interventions and public health solutions for developing countries. "We have new tools at the lab level that decimate mosquito populations," said Gates, whose foundation supports public health research and projects for the developing world. Former U.S. Secretary of State Hillary Clinton also spoke on Sunday at COP28, urging reform to the world's insurance system as another key requirement to keep people safe.
Persons: Amr Alfiky, Sultan Ahmed Al, Jaber, COP28, Joseph Vipond, Storm Daniel, Bill Gates, Gates, Hillary Clinton, Clinton, Gloria Dickie, Elizabeth Piper, Alexander Cornwell, Simon Jessop, Kate Abnett, William James, Katy Daigle, Jan Harvey Organizations: International Federation of Medical, United Arab Emirates, REUTERS, Rights, Physicians, World Health Organization, Bank, Sunday, Health, World Bank, Microsoft, Former U.S, Reuters, Thomson Locations: Dubai, United Arab, Alberta, Canada, Western, Libya, Pakistan, COP28
LONDON, Dec 3 (Reuters) - A global securities watchdog proposed 21 safety measures on Sunday to improve integrity, transparency and enforcement in voluntary carbon markets (VCMs) in a sector of growing importance to efforts to combat climate change. VCMs cover pollution-reducing projects, such as reforestation, renewable energy, biogas and solar power, that generate carbon credits companies buy to offset their emissions and meet net-zero targets. National regulators could require companies to disclose their use of carbon credits, and platforms that trade credits to have better anti-fraud and market manipulation safeguards, IOSCO said. VCMs are separate from government-regulated carbon markets, such as the emissions trading scheme in the European Union, the world's largest. Good practice could include "comprehensive disclosures on the project development process, verification and auditing methodologies, and the entities responsible for measurement, reporting, and verification," IOSCO said.
Persons: Rodrigo Buenaventura, IOSCO, Morgan Stanley, Huw Jones, Barbara Lewis Organizations: Sunday, European Union, Reuters, Thomson Locations: Asia, Europe, Latin America, United States, Dubai
Her position, which she described as “complicated,” speaks to the challenge Israel’s peace movement faces when coming to terms with the worst massacre of Jewish people since the Holocaust. Some activists complain that authorities are attempting to equate peace activism with support for Hamas. Some Jewish Israelis have lost their jobs or have been publicly sanctioned for speaking out in favour of Gaza, say activists. Hundreds of people came (and) tried to hurt me,” he told CNN from an undisclosed location, as he is currently in hiding. Tara John/CNNNot many Jewish peace activists are ready to vocally advocate for peace “because everyone is traumatized – but I have the words,” Inon said.
Persons: Ziv Stahl, , Stahl, Yesh Din, , Zayin, Tara John, Rafael, Zayin’s, , won’t, Gen, Benjamin Netanyahu, Gen Zayin, ” Doxed, Ofer Cassif, “ That’s, Maoz Inon, Israel Frey, ” Inon, Elana Kaminka, , Yannai, Yannai Kaminka Organizations: Tel, Tel Aviv CNN, Jewish, CNN, Israeli Democracy Institute, West Bank, Riot, Israel Police Special Patrol, Locations: Tel Aviv, Kfar Aza, Israel, Gaza, “ Israel, West, Jerusalem, , Tzur Hadassah
UBS to expand presence in U.S. market - Swiss paper
  + stars: | 2023-12-03 | by ( )   time to read: 1 min
A UBS logo is seen next to Credit Suisse at the Bahnhofstrasse before a news conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsDec 3 (Reuters) - Swiss bank UBS (UBSG.S) plans to expand its presence in the U.S. market as part of its strategy to hit $150 billion in net new money, or inflow of new funds, per year, an executive told Swiss newspaper NZZ Am Sonntag in an interview published on Sunday. The fourth-largest asset manager in the United States plans to invest heavily over the next three years, Iqbal Kahn, head of its asset management division, told the paper. Reporting by Victoria Waldersee, Paul Arnold Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, NZZ, Iqbal Kahn, Victoria Waldersee, Paul Arnold, Bernadette Baum Organizations: UBS, Credit Suisse, Swiss, REUTERS, Thomson Locations: Zurich Switzerland, Swiss, U.S, United States
Australia's Greens to investigate supermarket 'price gouging'
  + stars: | 2023-12-03 | by ( )   time to read: +2 min
[1/2] People walk past a Woolworths supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, June 16, 2020. REUTERS/Loren Elliott Acquire Licensing RightsSYDNEY, Dec 3 (Reuters) - Australia's Greens party said on Sunday it would lead a parliamentary inquiry into "price gouging" by major supermarkets as the country grapples with high costs of living. "It will also assess the rise in essential item prices, the validity of discounts offered, and the inflation of profits during economic hardship," added McKim, accusing supermarkets of "price gouging" during "Australia's cost of living crisis". "Construction costs, energy prices, the cost of logistics and packaging have all risen", the spokesperson said. A Woolworths spokesperson said the company was "working to deliver relief" on grocery bills.
Persons: Loren Elliott, Nick McKim, McKim, Competition Andrew Leigh, Leigh, Sam McKeith, Lincoln Organizations: Woolworths, REUTERS, Rights, Australia's Greens, Greens, Coles, Competition, Labor, Reserve Bank of Australia, Thomson Locations: Sydney, Australia
Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. With interest rates and loan prime rates at low levels, there is more space to cut banks' reserve requirement ratio (RRR) than to cut interest rates, Sheng said. The central bank lowered the RRR in September for the second time this year to boost liquidity and support economic recovery. The weighted average RRR for financial institutions was around 7.4% after the cut. China is prudent in cutting interest rates as its monetary policy needs to consider internal and external balance, Sheng said.
Persons: Tingshu Wang, Sheng Songcheng, Sheng, Mei Mei Chu, Christopher Cushing Organizations: People's Bank of China, REUTERS, Rights, People's Bank of, Shanghai Securities, Thomson Locations: Beijing, China, Rights BEIJING, People's Bank of China, U.S
With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Certificates of DepositThe best CD rates may outpace any of the other accounts we've described above. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.
Persons: Banks, , Cash, we've Organizations: Limelight, Customers Bank, CIT Bank, Savings, Bank, Cash, Products, Secure Savings, Mission Valley Bank, Newtek, United States, Federal Credit Union, Technology Credit Locations:
ZANUTA, West Bank—Hanaa Abul-Kbash was home with her children in this tiny village in the occupied West Bank when she says an Israeli settler, armed with a military-style rifle, barged in telling her she had to go. “I told him this has been my home for 21 years and that I would not leave,” recalls 43-year-old Abul-Kbash of the encounter in late-October. The man grabbed her by the collar, shook her violently, cocked his weapon and left, Abul-Kbash says. Days later, on Oct. 28, she and the roughly 250 other residents of Zanuta abandoned the Palestinian village.
Persons: West Bank — Hanaa Abul, Kbash, , Organizations: West Bank —, West Bank Locations: Zanuta
At an off-site in upstate New York last month, during a dinner lasting roughly three hours, Goldman Sachs Chief Executive David Solomon told partners that the firm had made some mistakes with consumer lending. But, he said, the business wasn’t as bad as they thought and they didn’t understand the details. He wouldn’t tolerate partners trash-talking Goldman’s decision to get into consumer lending, he told them. Goldman has known for a while that consumer lending wasn’t really working out, and the bank has been looking for the exits. The tech giant recently sent a proposal to Goldman that would pull the plug on their credit-card partnership, the crown jewel of the business.
Persons: Goldman, David Solomon Organizations: Apple Locations: New York
As chief executive of Wells Fargo, Timothy J. Sloan failed to clean up a string of scandals that shook the bank and abruptly stepped down amid widespread criticism more than four years ago. He now says Wells Fargo owes him at least $34 million in back pay. Mr. Sloan sued Wells Fargo on Friday, saying that the bank owed him for unpaid stock awards, bonuses and unspecified “emotional distress.” His lawyers said that the bank he formerly led made him a scapegoat for problems that predated his tenure, and they recast his resignation under fire in 2019 as “an act of further loyalty to the bank.”The lawsuit was a surprise move, inasmuch as Wells Fargo for years has been trying to move on from Mr. Sloan’s tenure and improve its relationship with both customers and regulators. A Wells Fargo spokeswoman, Beth Richek, said the bank stood behind its decision to withhold the pay. “Compensation decisions are based on performance,” she said in a statement.
Persons: Wells, Timothy J, Sloan, Wells Fargo, , Sloan’s, Beth Richek Locations: Wells Fargo
Palestinian rights groups snub ICC prosecutor
  + stars: | 2023-12-02 | by ( )   time to read: +2 min
FILE PHOTO: International Criminal Court Prosecutor Karim Khan speaks during an interview with Reuters about the violence in Israel and the occupied Palestinian territories in The Hague, Netherlands, October 12, 2023. REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing RightsRAMALLAH, Dec 2 (Reuters) - Palestinian human rights groups refused to meet the International Criminal Court prosecutor Karim Khan on Saturday, accusing him of favouring Israeli accusations of rights abuses over longstanding Palestinian charges. However Palestinian activists said they would refuse to see him because of their objections to what they saw as unequal treatment of Israeli and Palestinian cases. "As Palestinian human rights organizations, we decided not to meet him," said Ammar Al-Dwaik, director general of the Independent Commission for Human Rights (ICHR). The official Palestinian news agency WAFA said Abbas had urged Karim to investigate Israeli operations in Gaza as well as the occupied West Bank.
Persons: Karim Khan, de, Khan, Ammar Al, Mr Khan, Mahmoud Abbas, WAFA, Abbas, Karim, Ali Sawafta, James Mackenzie, Giles Elgood Organizations: Reuters, REUTERS, Criminal, West Bank, Independent Commission, Human Rights, Thomson Locations: Israel, The Hague, Netherlands, RAMALLAH, Ramallah, Gaza
Palestinian Rights Groups Snub ICC Prosecutor
  + stars: | 2023-12-02 | by ( Dec. | At A.M. | )   time to read: +2 min
RAMALLAH (Reuters) - Palestinian human rights groups refused to meet the International Criminal Court prosecutor Karim Khan on Saturday, accusing him of favouring Israeli accusations of rights abuses over longstanding Palestinian charges. However Palestinian activists said they would refuse to see him because of their objections to what they saw as unequal treatment of Israeli and Palestinian cases. "As Palestinian human rights organizations, we decided not to meet him," said Ammar Al-Dwaik, director general of the Independent Commission for Human Rights (ICHR). He was scheduled to meet lawyers for the families' group as well as members of the families themselves. The official Palestinian news agency WAFA said Abbas had urged Karim to investigate Israeli operations in Gaza as well as the occupied West Bank.
Persons: Karim Khan, Khan, Ammar Al, Mr Khan, Mahmoud Abbas, WAFA, Abbas, Karim, Ali Sawafta, James Mackenzie, Giles Elgood Organizations: Criminal, West Bank, Independent Commission, Human Rights Locations: RAMALLAH, Israel, Ramallah, Gaza
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'This is real money being put to real work,' World Bank president says"This is real money being put to real work," World Bank President Ajay Banga tells CNBC's Dan Murphy, after the organization said it would put 45% of its annual financing to climate by 2025.
Persons: Ajay Banga, Dan Murphy Organizations: World Bank
After a year of steady, resilient growth, the US economy will finally slip into a recession in 2024. Deutsche Bank is also calling for double-digit profit growth in a weaker economic backdrop. "For 2024, the house economics view with a mild short US recession implies $250 (+10%)," Chadha wrote in reference to S&P 500 earnings. Deutsche Bank also foresees earnings growth next year. "We remain overweight the financials as well as consumer cyclicals as they are already priced for a recession and the biggest beneficiary of an eventual recovery," Chadha wrote.
Persons: That's, , Chris Grisanti, Brian Belski, Chadha, Belski, Financials, BMO's Organizations: Wall, Business, BMO Capital Markets, Deutsche Bank, MAI Capital Management, CNBC, BMO, Deutsche, Labor, Investors, Tech Locations: Chadha
[1/8] U.S. Vice President Kamala Harris disembarks an aircraft as she arrives to attend the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 2, 2023. The White House said Harris will carry a message about post-conflict Gaza as the region grapples with the fallout from a war that has upended the Middle East. Hamas seized control of Gaza in 2007 from Palestinian President Mahmoud Abbas' mainstream Fatah party and has ruled the enclave ever since. How post-conflict Gaza should realistically be managed is an issue that has confounded regional leaders and Middle East experts. "In her meetings, the vice president will outline our principles for post-conflict Gaza, lay out specific proposals that put Palestinian voices at the center, and build regional support for our efforts," the White House official said.
Persons: Kamala Harris disembarks, Amr Alfiky, Kamala Harris, Harris, Joe Biden, Mahmoud Abbas, Biden, Critics, Sheikh Mohamed bin Zayed Al Nahyan, we’ve, John Kirby, Nandita Bose, Steve Holland, Matt Spetalnick, Heather Timmons, Alistair Bell Organizations: U.S, United Nations, Change, United Arab Emirates, REUTERS, Rights, West Bank, White, Palestinian, Fatah, Middle, Authority, United, White House, House, Munich, Conference, Thomson Locations: Dubai, United Arab, Israel, Gaza, United Arab Emirates, Washington, Russia, Ukraine
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