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All eyes are now on the personal consumption expenditure (PCE) index- the Fed's preferred inflation gauge- for October, due at 8:30 a.m. ET, which is expected to show inflation eased in the previous month. The PCE index is expected to rise 0.1% on a monthly basis in October, moderating from a 0.4% increase in September. Data cloud company Snowflake (SNOW.N) added 8.2% after it forecast fourth-quarter product revenue above Street estimates on artificial intelligence driven demand. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Russ Mould, AJ Bell, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Wall, Federal Reserve, Dow e, Ford Motor, Inc, Thomson Locations: New York City, U.S, Chicago, Bengaluru

While the Dow rose to 35,725.11 points, crossing its intraday high of 35,679.13 points hit in August, all three main indexes were on course for their strongest November since 2020. The S&P 500 (.SPX) and the tech-heavy Nasdaq (.IXIC) were also poised for their biggest monthly percentage gain since July 2022, on signs of cooling price pressures. The personal consumption expenditure (PCE) index - the Fed's preferred inflation gauge - showed inflation remained unchanged in October on a monthly basis, against economists' projections of a 0.1% increase. Core inflation, which excludes volatile food and energy prices, rose 0.2% on a monthly basis, in line with estimates. But most megacap stocks edged lower, with Tesla (TSLA.O) down 1.4% and leading declines, keeping the S&P 500 (.SPX) and Nasdaq (.SPX) under pressure.

Persons: Caitlin Ochs, Salesforce, Dow Jones, Dow, Anthony Saglimbene, Mary Daly, John Williams, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Reserve, U.S, Treasury, Fed, San Francisco Fed, Bank of New York, Dow Jones, Inc, NYSE, Thomson Locations: New York City, U.S, Troy , Michigan, Bengaluru

The Amplify Online Retail ETF climbed 0.44% and the ProShares Online Retail ETF ended the regular trading session 0.39% higher. The broader VanEck Retail ETF gained 0.02%, and the SPDR S&P Retail ETF was the only one in the group to post declines. The Amplify ETF's gains have been driven by top holdings like Affirm Holdings (AFRM.O), up 11.97% on Monday and 97% so far in 2023. The VanEck Retail ETF's holdings include Costco, (COST.O), which gained 0.6% Monday and is up more than 30% so far this year. For example, the SPDR S&P Retail ETF trades at $63.64, down from its year high of $75.77.

Persons: Caitlin Ochs, Michael Ashley Schulman, Suzanne McGee, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Exchange, Shoppers, Adobe Digital, Adobe Inc, Adobe, P, Costco, Nasdaq, P Retail, PwC, Deloitte, Running, Thomson, & $ Locations: New York City, U.S

☆ UN chief says extended Gaza truce not enough to meet aid needs
▼ + stars: | 2023-11-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

UNITED NATIONS, Nov 27 (Reuters) - United Nations Secretary-General Antonio Guterres described an extended truce between Israel and Palestinian militants Hamas on Monday as "a glimpse of hope and humanity," but warned it was not enough time to meet the aid needs of the Gaza Strip. The United Nations has been delivering some humanitarian aid to Gaza via the Rafah border crossing from Egypt. The United Nations also wants to be able to use the Kerem Shalom border crossing, controlled by Israel. United Nations Secretary-General Antonio Guterres speaks at the United Nations prior to a meeting about the ongoing conflict in Gaza, at the United Nations Headquarters in New York City, U.S., November 6, 2023. "The United Nations will continue to support these efforts in every possible way," Dujarric said in a statement.

Persons: Antonio Guterres, Guterres, Caitlin Ochs, Stephane Dujarric, Dujarric, Michelle Nichols, Chizu Nomiyama, Mark Potter Organizations: UNITED NATIONS, United Nations, Hamas, United Nations Headquarters, REUTERS, Thomson Locations: Israel, Gaza, Qatar, Rafah, Egypt, New York City, U.S

Oil futures traded steady ahead of next week's OPEC+ meeting, which could bring some kind of agreement on output cuts in 2024. Gold futures finished higher as the dollar index slipped against a basket of currencies on Friday. Germany's 10-year government bond yield , the benchmark for the euro area, rose 3 basis points to a 1-1/2-week high. Oil prices were steady after tumbling more than 1% on concerns over a delayed OPEC+ meeting. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Chris Prentice in New York, Naomi Rovnick in London and Stella Qiu in Sydney.

Persons: Caitlin Ochs, Germany's DAX, Peter Doherty, Arbuthnot Latham, Robert Holzmann, Pierre Wunsch, Chris Prentice, Naomi Rovnick, Stella Qiu, Toby Chopra, Susan Fenton, Mark Potter, Deepa Babington Organizations: New York Stock Exchange, REUTERS, U.S, Dow Jones, Nasdaq, Hamas, P Global, European Central Bank, ECB, Bank of England, Japan's Nikkei, China's CSI, Brent, Thomson Locations: New York City, U.S, OPEC, Germany, Israel, London, Belgian, Asia, New York, Sydney

New York Governor Andrew Cuomo arrives to depart in his helicopter after announcing his resignation in Manhattan, New York City, U.S., August 10, 2021. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNov 24 (Reuters) - A woman who in 2021 accused former New York governor Andrew Cuomo of groping her when she was working for him has filed a civil lawsuit against her one-time boss. It was the only criminal charge brought over the allegations against Cuomo. Another former aide, Charlotte Bennett, sued Cuomo for sexual harassment in September 2022. Reporting By Brendan Pierson in New York, Editing by Alexia Garamfalvi Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Cuomo, Caitlin Ochs, Brittany Commisso, Cuomo, Letitia James, Commisso, Charlotte Bennett, Brendan Pierson, Alexia Garamfalvi, Alistair Bell Organizations: New, REUTERS, Democrat, New York, Thomson Locations: Manhattan , New York City, U.S, New York, Albany , New York, Albany's

☆ Kenya to sell 35 state companies as Africa seeks to jumpstart IPOs
▼ + stars: | 2023-11-23 | by ( Duncan Miriri | ) www.reuters.com time to read: +2 min

NAIROBI, Nov 23 (Reuters) - Kenya's President William Ruto said on Thursday the government was poised to privatise 35 state companies after enacting a law last month to guide the process. Kenya last privatised a state-owned company in 2008 with an initial public offering (IPO) for 25% of the shares in telecommunications firm Safaricom (SCOM.NR). "We have identified the first 35 companies that we are going to offer to the private sector. Kenya's President William Ruto speaks during the Sustainable Development Goals (SDG) Summit at United Nations headquarters in New York City, New York, U.S., September 18, 2023. "If well harnessed, stock exchanges can be the engine that transforms Africa into a global economic powerhouse and financial centre of the world," the president said.

Persons: William Ruto, Ruto, Njuguna Ndung'u, Ndung'u, Caitlin Ochs, Bourses, Thapelo, Ducan Miriri, Marc Jones, Aaron Ross, Kirsten Donovan Organizations: African, Nairobi . Finance, Reuters, Sustainable, United Nations, REUTERS, Botswana Stock Exchange, Bharti Airtel, Thomson Locations: NAIROBI, Kenya, Nairobi, New York City , New York, U.S, Africa, Uganda, London

☆ Finland mulls more border restrictions as asylum seekers 'impossible' to return
▼ + stars: | 2023-11-20 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

Finland's President Sauli Niinisto addresses the 78th United Nations General Assembly at U.N. headquarters in New York, U.S., September 20, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsHELSINKI, Nov 20 (Reuters) - Finland said on Monday it had become impossible to return asylum seekers who did not meet the criteria for protection and said that it might further restrict migrant entries from Russia following a jump in the number of applicants. Over 500 asylum seekers, mostly from Yemen, Somalia, Syria and Iraq, arrived in Finland - an eastern outpost of the European Union - via Russia in the past two weeks, prompting Helsinki to shut half its border crossings and accuse Moscow of funnelling migrants to its border. Migrants entering Finland from Russia can now only request asylum at two of the remaining four crossing points on their shared 1,340-km (830-mile) border. The Kremlin said on Monday it had lodged a formal protest over the partial border closure, saying the decision reflected an anti-Russian stance.

Persons: Sauli Niinisto, Caitlin Ochs, Niinisto, Petteri Orpo, Orpo, Tomi Kivenjuuri, Kivenjuuri, Moscow's, Essi Lehto, Terje Solsvik, Anna Ringstrom, Jonathan Oatis, Gareth Jones Organizations: United Nations General Assembly, REUTERS, Rights, European, Migrants, Finnish Border Guard, Reuters, Thomson Locations: U.N, New York, U.S, Finland, Russia, Yemen, Somalia, Syria, Iraq, Helsinki, Moscow, Poland, EU, Finnish, Lithuania, Latvia, Belarus, East, Africa, Oslo, Stockholm

☆ Macy's shares surge on smaller-than-expected sales drop, improved margins
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Shoppers are seen outside Macy's in the Manhattan borough of New York City, New York, U.S., March 30, 2021. REUTERS/Caitlin Ochs Acquire Licensing RightsNov 16 (Reuters) - Macy's (M.N) on Thursday reported an improvement in margins and a lower-than-expected drop in quarterly sales, sending its shares 10% higher in premarket trading. The Bloomingdale parent said its gross margins improved 160 basis points in the third quarter due to lower markdowns within the Macy’s brand, as well as easing freight charges. The U.S. department store operator's net sales fell 7.1% to $4.86 billion in the third quarter ended Oct. 28, while analysts' had estimated a 7.9% drop to $4.82 billion, according to LSEG data. The company logged an adjusted net income of $59 million, or 21 cents per share, from $143 million, or 52 cents per share last year.

Persons: Caitlin Ochs, Savyata Mishra, Sriraj Organizations: REUTERS, Bloomingdale, Thomson Locations: Manhattan, New York City , New York, U.S, Bengaluru

☆ Stocks to outperform fixed income in 2024, says Barclays
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNov 16 (Reuters) - Global equities are set to outperform core fixed-income assets next year, as threats of a global economic slowdown have declined, Barclays strategists said in a note on Thursday. We think stocks will benefit from a fairly benign bottom to this business cycle and look through near-term earnings disappointments," said Ajay Rajadhyaksha, global chairman of research at Barclays. "We now turn overweight (on) global equities over core fixed income." Barclays expects mid-to-high single-digit equity returns in both the U.S. and Europe next year, even as bond yields stay elevated. JP Morgan had recommended commodities over stocks and bonds.

Persons: Caitlin Ochs, Ajay Rajadhyaksha, Goldman Sachs, J.P.Morgan, JP Morgan, Roshan Abraham, Susan Mathew, Janane Organizations: New York Stock Exchange, REUTERS, Barclays, Treasury, U.S, Thomson Locations: New York City, U.S, Europe, Bengaluru

☆ Macy's smashes profit estimates as leaner inventory lifts margins, shares jump
▼ + stars: | 2023-11-16 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

Shoppers are seen outside Macy's in the Manhattan borough of New York City, New York, U.S., March 30, 2021. REUTERS/Caitlin Ochs Acquire Licensing RightsNov 16 (Reuters) - Macy's (M.N) crushed analysts' estimates for quarterly profit on lower inventories and strong demand for beauty products, sending the department store operator's shares surging as much as 14% on Thursday. "(We are) entering the holiday period in a healthy inventory position," Macy's outgoing CEO Jeff Gennette said in a statement. Gross margins improved 160 basis points in the third quarter, driven by a 110 basis points jump in merchandise margins, bolstered by lower markdowns within the Macy's brand and reduced freight costs. Credit card revenues again declined, down 100 basis points year-on-year, indicating its core middle-income consumer faced difficulty in repaying debts as interest rates climbed.

Persons: Caitlin Ochs, Jeff Gennette, Tony Spring, Rachel Wolff, Macy's, Savyata Mishra, Sriraj Organizations: REUTERS, Bloomingdale, Target, Walmart, Insider, Thomson Locations: Manhattan, New York City , New York, U.S, Bengaluru

☆ The wildest moments of WeWork’s rise
▼ + stars: | 2023-11-11 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

And many early WeWork employees, who worked at lower salaries because they were given stock options, ended up with nothing. WeWork’s wild rise and fall is the latest high-profile incident to shatter that myth. Here is a look at four of the wildest moments from WeWork’s rise, according to the company’s statements and a best-seller about the company. (Part of WeWork’s push to appeal to millennials included free-flowing beer and open bars set up within its coworking outposts.) That pre-IPO paperworkThe beginning of the end can perhaps be traced back to WeWork’s first attempt to go public back in 2019.

Persons: New York CNN — WeWork, Adam Neumann’s, Neumann, Son, Adam Neumann, Kelly Sullivan, Eliot Brown, Maureen Farrell, millennials, Darryl McDaniels, Mike Segar, ”, Rebekah, WeWork, Caitlin Ochs, WeWork’s, Neuman, Mark Lennihan, “, Tolga Akmen Organizations: New, New York CNN, WeWork, San Francisco, of Fine Arts, Gulfstream G650, Wall Street Journal, Bloomberg, Getty, Nasdaq, City of Locations: New York, San, San Francisco , California, Israel, Manhattan , New York, WeGrow, WeLive, New York City, U.S, City, City of London, AFP

☆ Wall Street’s glum rainmakers deserve more love
▼ + stars: | 2023-10-26 | by ( John Foley | ) www.reuters.com time to read: +7 min

Morgan Stanley’s (MS.N) investment banking revenue in the third quarter was its worst since 2009, at just over $1 billion. The rapid rise in interest rates, which makes traditional lending more lucrative for so-called universal banks, adds to the glum aura around investment banking. Reuters Graphics Reuters GraphicsInvestment banking isn’t the biggest part of any bulge-bracket firm’s revenue, but it’s disproportionately profitable. Goldman made nearly $8 billion more from investment banking in 2021 than in the last four quarters. Declining volatility in markets is great for deals, but it’s nowhere near as good for banks’ trading desks, which tend to thrive on choppy conditions.

Persons: Caitlin Ochs, Goldman Sachs, Morgan Stanley’s, Goldman, Morgan Stanley, James Gorman, Jane Fraser, David Solomon, they’re, Peter Thal Larsen, Oliver Taslic Organizations: New York Stock Exchange, REUTERS, Reuters, Exxon Mobil, Chevron, JPMorgan, Citigroup, Reuters Graphics Reuters Graphics Investment, Hamas, Goldman, Bank of America, Barclays, Citi, Thomson Locations: New York City, New York, U.S, catnip, Israel, China

☆ Google to manufacture smartphones in India starting with Pixel 8
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

The new Pixel 8 Phone is displayed in New York City, U.S., October 4, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNEW DELHI, Oct 19 (Reuters) - Alphabet Inc (GOOGL.O) will start manufacturing in India and will partner with international and domestic manufacturers to produce its Pixel smartphones locally, starting with Pixel 8, an executive said on Thursday. The devices are expected to be rolled out in 2024, Rick Osterloh, senior vice president of devices and services, said at a Google event. "India is a priority market for Pixel smartphones, and we’re committed to bringing the best of our hardware and underlying built-in software capabilities to people across the country," Osterloh said. India is aiming to become a manufacturing powerhouse, amid a greater push for Prime Minister Narendra Modi's "Make in India" initiative.

Persons: Caitlin Ochs, Rick Osterloh, we’re, Osterloh, Narendra Modi's, Tanvi Mehta, Blassy, Muralikumar Organizations: REUTERS, smartphones, Apple, Micron Technology, Thomson Locations: New York City, U.S, DELHI, India

☆ Donald Trump's lawsuit over 'Steele dossier' in London court
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

The "Steele dossier" made allegations about ties between Trump's 2016 election campaign and Russia, and said Trump engaged in "perverted sexual acts" which were monitored by Russia's Federal Security Service (FSB). Trump has previously criticised what he described as Steele's "fake dossier", and his lawyers say the report is inaccurate. In court filings, Trump denies the allegations made in the Steele dossier, including that he engaged in perverted sexual behaviour in Russia and that he paid bribes to Russian officials to further his business interests. Orbis, however, is applying to have the lawsuit thrown out of court on the grounds it has no real prospect of success, according to a High Court order dated June 9. Trump's lawsuit against Orbis is one of many legal cases the former president is involved in.

Persons: Donald Trump, Letitia James, Caitlin Ochs, Donald Trump's, Trump, Christopher Steele, Steele, Joe Biden's, Sam Tobin, Ed Osmond Organizations: U.S, Trump Organization, REUTERS, Orbis Business Intelligence, Russia's Federal Security Service, Orbis, New, Republican, Democrat, Thomson Locations: New York City, U.S, Russia, British, New York, Washington, United States

☆ JPMorgan profit surges on record interest income, First Republic purchase
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsOct 13 (Reuters) - JPMorgan Chase's (JPM.N) profit rose in the third quarter as surging rates and the acquisition of failed First Republic Bank drove its interest income to a record high, the largest U.S. lender reported on Friday. Shares of the bank rose 0.6% in premarket trading. It also hiked its 2023 NII forecast to $89 billion, excluding markets, compared with a prior forecast of $87 billion. The lender reported a profit of $13.15 billion, or $4.33 per share, for the three months ended Sept. 30.

Persons: Caitlin Ochs, JPMorgan Chase's, Jamie Dimon, Dimon, SoftBank Group's, Niket, Nupur Anand, Lananh Nguyen, Anil D'Silva Organizations: JPMorgan Chase Bank, REUTERS, JPMorgan, Bank, First Republic, Wall Street, Arm Holdings, Investment, Thomson Locations: New York City, U.S, Ukraine, Israel, Bengaluru, New York

☆ JPMorgan profit beats estimates on record interest income, First Republic purchase
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsOct 13 (Reuters) - JPMorgan Chase (JPM.N) beat expectations for third-quarter profit on Friday as a tighter monetary policy and the acquisition of failed First Republic Bank drove its interest income to a record high. Shares of the bank rose 1.1% to $147.40 in premarket trading. Rivas, who previously ran the financial institutions group, was one of JPMorgan's lead negotiators in its purchase of First Republic. The lender's profit rose 35% to $13.15 billion, or $4.33 per share, for the three months ended Sept. 30. Excluding one-time costs, the bank reported a profit of $4.50 per share, above analysts' average estimate of $3.96 per share, according to LSEG IBES data.

Persons: Caitlin Ochs, JPMorgan Chase, Jamie Dimon, Dimon, NII, SoftBank Group's, Jeremy Barnum, Fernando Rivas, Rivas, JPMorgan's, Jay Horine, Wells Fargo, Niket, Nupur Anand, Lananh Nguyen, Anil D'Silva Organizations: JPMorgan Chase Bank, REUTERS, JPMorgan, Bank, First Republic, First, Federal, Arm Holdings, Investment, Reuters, Thomson Locations: New York City, U.S, Ukraine, Israel, First Republic, North America, Bengaluru, New York

JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. In the first 10 days of this month, the $1.46 billion Invesco KBW Bank ETF (KBWB.O) saw net outflows of $336.18 million, while the $2.49 billion SPDR S&P Regional Banking ETF saw net outflows of $19.58 million. Overall, the Invesco fund and the SPDR fund posted net inflows of $381.16 million and $565.15 million so far this year. The prices of the ETFs are down 23% and 28.4%, respectively, as bank stocks fell sharply earlier this year following the collapse of California-based Silicon Valley Bank and two other U.S. lenders. "Although, our equity research team indicates that selling may have pushed prices down too far and created a buying opportunity."

Persons: Caitlin Ochs, Hogan, Riley, JPMorgan Chase, Wells, Bryan Armour, Bansari Mayur, Jonathan Oatis Organizations: JPMorgan Chase Bank, REUTERS, Exchange, KBW Bank, Regional Banking, Valley Bank, U.S, Federal, JPMorgan, Citigroup, North America, Morningstar, Thomson Locations: New York City, U.S, California, Bengaluru

Trump, president from 2017 to 2021, has regularly made sweeping claims of immunity both while in office and since leaving the White House. The U.S. Supreme Court in 2020 spurned Trump's argument that he was absolutely immune from state criminal investigations while president. The judge said Trump's actions leading up to the riot, casting doubt on the election results, were not official responsibilities. The case is one of four criminal prosecutions Trump, 77, faces as he seeks to retake the White House. Trump has asserted that impeachment, where the U.S. Congress can charge and try presidents for misconduct, is the appropriate way to hold presidents accountable for official actions.

Persons: Donald Trump, Letitia James, Caitlin Ochs, Stormy Daniels, Trump, Jack Smith, Mike Pence, Andrew Goudsward, Luc Cohen, Ismail Shakil, Susan Heavey, Scott Malone, Howard Goller Organizations: U.S, Trump Organization, REUTERS, Rights, White, Supreme, Capitol, Republican, Justice Department, Thomson Locations: New York City, U.S, Washington, York, Congress, New York

REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsWASHINGTON, Oct 4 (Reuters) - Donald Trump's campaign said on Wednesday it raised over $45.5 million in the third quarter from July to September, nearly 30% higher than it raised in the previous quarter while the former U.S. president faces multiple legal charges. The acceleration in fundraising could be a sign that Trump's 2024 campaign coffers are benefiting from his legal problems, which include four indictments. The Trump campaign said it had over $37.5 million cash on hand and that about $36 million of it is designated for the primary. The DeSantis campaign on Wednesday reported raising $15 million during the third quarter, although not all of those funds will be available for use during the Republican primary. Trump's main fundraising committee raised more than $35 million during the April-June period, nearly twice what the group gathered in the prior three months.

Persons: Donald Trump, Letitia James, Caitlin Ochs, Donald Trump's, Trump, Ron DeSantis, Joe Biden's, Kanishka Singh, Grant McCool Organizations: U.S, Trump Organization, REUTERS, Rights, Republican, White, New York, Thomson Locations: New York City, U.S, Florida, DeSantis, Washington

☆ Pixel 8: Google unveils new phones built for 'the generative AI era'
▼ + stars: | 2023-10-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

The 6.3-inch Pixel 8 and the 6.7-inch Pixel 8 Pro comes with a brighter display, new camera system and longer-lasting battery life. Generative AI refers to a type of artificial intelligence that can create new content, such as text and images, in response to user prompts. Caitlin Ochs/ReutersGoogle showed off a handful of photo features coming to its Pixel line, including Magic Editor which uses generative AI to reposition and resize a subject. “You don’t really need Google AI for that.”Smarter Google AssistantThe company said Google Assistant will now sound more realistic when it engages with callers. Google is also bringing the capabilities of its Bard AI chatbot to Google Assistant, so it will be able to do more than set an alarm or tell the weather.

Persons: Caitlin Ochs, Reece Hayden, ”, Hayden, Thomas Husson, Forrester, ” Husson, chatbot, it’s, ” Sissie Hsiao, Bard, “ Smart Organizations: CNN, Google, Apple, Samsung, Reuters, ABI Research, Reuters Google, Pixel Locations: New York City, U.S

☆ Kenya President reshuffles cabinet, swaps foreign affairs minister
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

Kenya's President William Ruto attends the Sustainable Development Goals (SDG) Summit at United Nations headquarters in New York City, New York, U.S., September 18, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNAIROBI, Oct 4 (Reuters) - Kenya's President William Ruto on Wednesday reshuffled eight members of his cabinet, and folded the foreign affairs ministry into the office of the chief minister. The changes were necessary, Ruto said, to "optimise performance and enhance delivery as set out in the administration's manifesto". Foreign minister Alfred Mutua was transferred to the ministry of tourism and wildlife, while trade minister Moses Kiarie Kuria was moved to the ministry of public service. The foreign ministry was brought under the portfolio of the prime cabinet secretary Musalia Mudavadi.

Persons: William Ruto, Caitlin Ochs, Ruto, Alfred Mutua, Moses Kiarie Kuria, Musalia Mudavadi, Mutua, Hereward Organizations: Sustainable, United Nations, REUTERS, Rights, Thomson Locations: New York City , New York, U.S, Rights NAIROBI, Haiti, Caribbean

☆ Exclusive: East Timor president says China military cooperation was 'never discussed'
▼ + stars: | 2023-09-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The agreement also provided scope for funding from China including government and commercial loans to East Timor, he said. "It was never discussed in terms of military cooperation, never discussed, and the Chinese side also never raised this issue," Ramos-Horta said. East Timor, also known as Timor Leste, aims to join the Southeast Asian regional bloc ASEAN by 2025 as it seeks to reduce high poverty rates. Australia has appointed an envoy to speed up negotiations between East Timor and Woodside; Gusmao's government wants gas to be piped to East Timor and not Australia. Australia's relationship with East Timor is "stronger than at any time in the last decade", Australia's Department of Foreign Affairs said in a statement.

Persons: Jose Ramos, Caitlin Ochs, Horta, Xanana Gusmao, Xi Jinping, heightening, Ramos, Kirsty Needham, Lincoln Organizations: Sustainable, United Nations, REUTERS, Rights, East, Reuters, Southeast, ASEAN, Canberra, Woodside Energy, Greater Sunrise, Greater, Australia, UN's, Fund for Agricultural Development, Global Citizen, Pacific, Australia's Department of Foreign Affairs, Thomson Locations: Horta, Timor, New York City , New York, U.S, East Timor, China, Australia, Indonesia, Canberra, Solomon Islands, 2,000km, Timor Leste, ASEAN, Singapore, Malaysia, East Timor's, Dili, Greater Sunrise, Southeast Asia, Woodside, New York

☆ Exclusive: Timor president says China military cooperation 'never discussed'
▼ + stars: | 2023-09-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The agreement also provided scope for funding from China including government and commercial loans to East Timor, he said. Some Australian politicians expressed concern after China's state media reported on Saturday that Beijing's agreement with East Timor, around 700km (450 miles) north-west of Australia, also covered military exchanges. "It was never discussed in terms of military cooperation, never discussed, and the Chinese side also never raised this issue," Ramos-Horta said. East Timor, also known as Timor Leste, aims to join the Southeast Asian regional bloc ASEAN by 2025 as it seeks to reduce high poverty rates. Australia has appointed an envoy to speed up negotiations between East Timor and Woodside; Gusmao's government wants gas to be piped to East Timor and not Australia.

Persons: Jose Ramos, Caitlin Ochs, Horta, Xanana Gusmao, Xi Jinping, heightening, Ramos, Kirsty Needham, Lincoln, 私 Organizations: Sustainable, United Nations, REUTERS, Rights, East, Reuters, Southeast, ASEAN, Canberra, Woodside Energy, Greater Sunrise, Greater, Australia, UN's, Fund for Agricultural Development, Global Citizen, Pacific Locations: Horta, Timor, New York City , New York, U.S, East Timor, China, Australia, Indonesia, Canberra, Solomon Islands, 2,000km, Timor Leste, ASEAN, Singapore, Malaysia, East Timor's, Dili, Greater Sunrise, Southeast Asia, Woodside, United States, New York

JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsLONDON, Sept 26 (Reuters) - JPMorgan's (JPM.N) British retail bank Chase will ban crypto transactions made by customers from Oct. 16 due to an increase in fraud and scams, the company said on Tuesday. "We've seen an increase in the number of crypto scams targeting UK consumers, so we have taken the decision to prevent the purchase of crypto assets on a Chase debit card or by transferring money to a crypto site from a Chase account," a spokesperson for the bank said. JPMorgan has attracted more than 1.6 million customers to its Chase retail bank since launching the mobile app-based service in Britain two years ago, and plans to roll out the consumer bank in other international markets over time. Spain's Santander said last year it would block UK customers from sending real-time payments to crypto exchanges as part of measures to protect customers from scams.

Persons: Caitlin Ochs, Chase, Spain's Santander, Iain Withers, Tom Wilson, Susan Fenton, Christina Fincher Organizations: JPMorgan Chase Bank, REUTERS, Chase, JPMorgan, NatWest, Thomson Locations: New York City, U.S, Chase, Britain

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