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☆ Bill Ackman plans to pull his companies out of Amsterdam after antisemitic attacks
▼ + stars: | 2024-11-08 | by ( Auzinea Bacon | ) edition.cnn.com time to read: +2 min

CNN —Billionaire hedge fund manager Bill Ackman wants Pershing Square Holdings and Universal Music Group out of Euronext Amsterdam following attacks this week on Israeli soccer fans in the Dutch capital. In the post, he said that moving Pershing Square would save money and improve liquidity for its shareholders. The move for Universal Music Group, where Ackman is a board member, was also influenced by the attacks in Amsterdam. He wrote that Pershing Square has contractual rights to help move Universal Music Group from its Amsterdam headquarters and stock exchange. Universal Music and Pershing Square Holdings did not immediately respond to CNN’s requests for comment.

Persons: Bill Ackman, ” Ackman, Ackman, ” Organizations: CNN, Billionaire, Pershing Square Holdings, Universal Music Group, London Stock Exchange, Pershing, Europa League soccer, Israel’s Maccabi Tel, Ajax, Capital Management, LSE, Universal Music, New York Stock Exchange, Nasdaq Locations: Amsterdam, “, Israeli, Israel’s Maccabi Tel Aviv, Dutch

☆ Stocks making the biggest moves premarket: Trump Media, Hims & Hers, Palantir and more
▼ + stars: | 2024-11-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Palantir reported 10 cents earnings per share on $726 million in revenue. On the other hand, NXP's third-quarter earnings beat analysts' expectations by 2 cents per share, while its $3.25 billion revenue was in line with estimates. Hims & Hers Health — The telehealth stock popped 7.2% after third-quarter earnings exceeded expectations of analysts polled by FactSet on both lines. On the other hand, the company's $3.19 billion revenue missed estimates of $3.20 billion. Marqueta's $128 million revenue was just shy of the $128.1 million consensus from FactSet.

Persons: Donald Trump, Palantir, Rick Dreiling, Michael Creedon, FactSet, LSEG, Burger King, machinists, Astera, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min, Pia Singh Organizations: Trump Media & Technology, Republican, White, LSE, NXP, Wynn Resorts, Lattice Semiconductor, DuPont de Nemours, Restaurant, Burger, LSEG, Revenue, Diamondback Energy, Boeing —, Labs, Deutsche Bank, UBS, Deutsche Locations: Netherlands, Americas, Europe, San Francisco, Cleveland, Wells Fargo

☆ Here's what usually happens to the S&P 500 during a presidential election week
▼ + stars: | 2024-11-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

What happens to stocks during election week? In general, the market has a slightly bullish bent during election week, but you can slice it different ways. The average percentage change for the S & P 500 in the week of the election is up 0.7%, with the index gaining 63% of the time, according to Birinyi Associates. That is why the S & P 500 is only 2% below its historic high. S & P 500 earnings estimates Q3: +8.4% Oct. 1: +6.0% Q4: +10.7% Technology: +14.6% Source: LSE Seasonals are important as well The seasonal trend is very strong.

Persons: Phil Mackintosh, Goldman Sachs, Goldman Organizations: Birinyi Associates, Nasdaq, Democrat, Republican, LSE

☆ Undecided voters and those who didn't vote in 2016 and 2020 trending toward Harris, says professor
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUndecided voters and those who didn't vote in 2016 and 2020 trending toward Harris, says professorPeter Trubowitz, a professor of international relations and director of the Phelan U.S. Centre at the LSE, previews the U.S. presidential election taking place next week.

Persons: Harris, Peter Trubowitz, Phelan Organizations: Phelan U.S, Centre, LSE

☆ UK human rights group launches campaign to stop Shein's potential London IPO
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: +1 min

UK-based human rights group Stop Uyghur Genocide has launched a legal campaign to block Shein's potential London listing over concerns about its labor practices, a law firm representing the campaign group said on Wednesday. UK-based human rights group Stop Uyghur Genocide has launched a legal campaign to block Shein's potential London listing over concerns about its labor practices, a law firm representing the campaign group said on Wednesday. Human rights law firm Leigh Day has written to the UK's Financial Conduct Authority to urge the regulator to refuse any attempt by Shein to list on the LSE, it said. Shein did not immediately respond to a Reuters request for comment, while the FCA declined to comment. On Tuesday, Amnesty International UK said Shein's potential London initial public offering would be a "badge of shame" for the London Stock Exchange because of the fast-fashion firm's "questionable" labor and human rights standards.

Persons: Leigh Day, Shein Organizations: Authority, LSE, Amnesty International, London Stock Exchange

☆ There's a 'cyclical problem' in China, professor says
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a 'cyclical problem' in China, professor saysKeyu Jin, associate professor of economics at the LSE, says that's "an enormous aggregate demand deficit."

Persons: Keyu Jin Organizations: LSE Locations: China

☆ Computing firm Raspberry Pi to raise $211 million in rare London tech IPO
▼ + stars: | 2024-06-11 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Raspberry Pi, which makes tiny single-board computers priced its shares at 280 pence apiece. The Raspberry Pi offering comprises 45.9 million ordinary shares sold by the company's existing majority shareholder, Raspberry Pi Mid Co Limited, a wholly owned subsidiary of the Raspberry Pi Foundation. It also includes 2.13 million ordinary shares sold by other shareholders, along with 11.23 million freshly issued shares. If there is more demand, a so-called overallotement option will allow the Raspberry Pi Foundation to issue another 4.6 million shares. In 2023, Raspberry Pi posted revenues of $265.8 million, up 41% year-on-year from 2022.

Persons: Raspberry, Eben Upton, Raspberry Pi Organizations: London bourse, Sony, Sony Semiconductor Solutions, Sony Corporation, Pi, LSE, Retail, Co, Pi Foundation Locations: Europe, U.S, British

☆ India’s free press is not so free after a decade of Modi
▼ + stars: | 2024-05-22 | by ( Analysis Aishwarya S. Iyer | ) edition.cnn.com time to read: +12 min

And as Modi looks to win another five years in power in an ongoing nationwide election, critics fear further erosion of the protections afforded to India’s free press. “I think many times before I write stories,” Kappan told CNN. Since his bail, Kappan has struggled to find a permanent job to provide for his family. Kumar told CNN he resigned because Adani’s proximity to Modi and the BJP would leave him unable to continue asking tough questions of the government. “They gave no reasons nor any justifications for why they denied my permit,” she told CNN from Paris.

Persons: Siddique Kappan, Narendra Modi’s, Modi, “, ” Kappan, Kappan, ”, Kaushik Raj, Narendra Modi, Gareth Copley, Shakuntala Banaji, RSF, Kunal Majumder, NewsClick, Prabir Purkayastha, Banaji, Kanchan Gupta, Ravish Kumar, Kumar, Gautam Adani, Vishal Bhatnagar, Dinesh Joshi, Gupta, Avani Dias, Vanessa Dougnac, Dias, Gaurav Bhatia, Dougnac Organizations: New, New Delhi CNN, CNN, Getty, Modi’s Bharatiya Janata Party, BJP, ICC Men's Cricket, India, Journalists, London School of Economics, “, Press, ”, Protect Journalists, Police, LSE, Ministry of Information, Broadcasting, Amnesty, New Delhi Television, NDTV, YouTube, Australian Broadcasting Corporation’s, Ministry of Home Affairs, India’s, Ministry, BBC Locations: New Delhi, India, Uttar Pradesh, Lucknow, AFP, Hathras, Paris, Ahmedabad, Pakistan, Sri Lanka, Nepal, Bangladesh, Delhi, Jaipur, Modi, Asia, Dougnac

The Chinese-founded fast-fashion giant is reported to have turned its attention to the LSE after facing regulatory and political challenges over a potential initial public offering in New York. U.S. lawmakers have raised several concerns about Shein, including over the transparency of its supply chain. The LSE has struggled to court high-growth companies in recent years compared with markets in Asia and the U.S., and has recently lost significant players including travel group TUI and cybersecurity firm Darktrace. However, British computing startup Raspberry Pi last week said it plans to list in London. CNBC has contacted Shein for comment.

Persons: Lord Dominic Johnson, Johnson, Shein, — Jenni Reid Organizations: London Stock Exchange, Department for Business Trade, CNBC, LSE, New York . Locations: New York, New York . U.S, Asia, U.S, London

☆ Citi just added these global stocks with over 30% upside to its ‘highest conviction ideas’ list
▼ + stars: | 2024-05-02 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

U.S. bank Citi refreshed its list of "highest conviction ideas" for Europe and recommended a specific trading strategy that investors can adopt right now. "The focus is on bottom-up ideas," Citi's analysts wrote in an Apr. The list also "highlights liquid names in which investors can build positions," the Citi analysts added. Citi's focus list delivered returns of 3.4% over the last 12 months and 5.4% in the past three months. Citi has a target price of £200 on the LSE-listed stock, giving it 34% potential upside.

Persons: —, Leonardo Citi, Leonardo, — CNBC's Michael Bloom Organizations: Citi, U.K . Ministry of Defence, Revenue, London Stock Exchange, New York Stock Exchange, LSE Locations: Europe, U.S, Ireland, Australia, Italy

☆ Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.

Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S

☆ U.S. loses its spot to China as Southeast Asia's most favored ally, survey finds
▼ + stars: | 2024-04-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

This is the first time Beijing has edged past Washington since 2020 when the annual survey first posed the question. China's aggressive behavior in the South China Sea is the Philippines' (90.2%) and Vietnam's (72.5%) top concern, the region's two frontline South China Sea claimant states. The Philippines President Ferdinand Marcos Jr. told Bloomberg last month that his government's claims on certain parts of the South China sea should not be viewed as provoking China. Vietnam has also asserted sovereignty over islands in the South China Sea though Beijing has brushed aside those claims. ASEAN should build up its resilience and unity to fend off pressures from the two major powers, the U.S. and China, nearly half of the survey respondents said.

Persons: ISEAS – Yusof, Ferdinand Marcos Jr, Kenddrick Chan Organizations: ASEAN Studies, Jan, Association of Southeast Asian Nations, ASEAN, China, Bloomberg, Philippines, U.S, LSE, London School of Economics, Political Science Locations: China, U.S, Washington, Beijing, Singapore, ISEAS, Indonesia . China, Japan, South China, Philippines, Vietnam, Southeast Asia

☆ Investor Tribeca presents Glencore with ideas to raise shareholder value – How it may unfold
▼ + stars: | 2024-03-30 | by ( Kenneth Squire | ) www.cnbc.com time to read: +10 min

Tribeca has been a shareholder of Glencore for seven years and has been engaging with management for a year. The company has excellent core asset quality in copper, zinc and coal, as well as a world-leading commodity trading business. Notably, Bluebell Capital Partners agitated for a demerger of Glencore's thermal coal business in 2021. However, in 2023, after acquiring a 77% interest in Teck's steelmaking coal business, Glencore stated its intention to demerge its combined coal and carbon steel businesses. The same can be said for the divestment of the trading business.

Persons: Glencore, David Aylward, Gary Nagle, astutely, Berkshire Hathaway, Ivan Glasenberg, Ken Squire Organizations: Glencore, Tribeca Investment Partners, Tribeca, Financial Times, Australian Securities Exchange, London Stock Exchange, BHP, Rio Tinto, Bluebell Capital Partners, LSE, Rio, NYSE, 13D Locations: Switzerland, Australia, Africa, South America, Sydney, Melbourne, Singapore, London, Tribeca, Glencore, Swiss, Rio, Europe, cyclicality, Berkshire

☆ U.S. election will be down to campaigns exploiting each other's weaknesses, LSE director says
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. election will be down to campaigns exploiting each other's weaknesses, LSE director saysPeter Trubowitz, director of the Phelan U.S. Centre at LSE, discusses the latest Super Tuesday and the outlook for U.S. elections.

Persons: Peter Trubowitz, Phelan Organizations: Phelan U.S, Centre, LSE

☆ This 10-second trick immediately makes you a better conversationalist, according to emerging Harvard research
▼ + stars: | 2024-02-23 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. When it comes to conversations with new or new-ish people, there is one research-backed hack for "almost any time where you have that little bit of dread or a little anxiety" talking to someone, Duhigg told Business Insider. Brooks told Business Insider that her research is still ongoing. "If there's an uncomfortable silence, you know exactly what you're going to bring up."

Persons: —, Charles Duhigg, Duhigg, Alison Wood Brooks, Brooks, I'm Organizations: Service, Business, Harvard Business School, LSE, Imperial, Wharton, The New York Times

☆ Big deals are back with a $53 billion bang
▼ + stars: | 2024-02-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This week alone, Capital One agreed to acquire Discover for $35 billion, Truist Financial announced a $15.5 billion sale of its insurance arm, and Walmart shook hands to buy TV maker Vizio for $2.3 billion. The trio of transactions, worth a combined $53 billion, have lifted the value of deals announced worldwide this year to $425 billion — a 55% increase from the same period in 2023, Bloomberg estimates. Transactions worth more than $5 billion plunged 60%, from nearly 150 deals in 2021 to fewer than 60 last year, LSE Group found. Potential headwinds include stubborn inflation, a surprise recession, escalating armed conflicts, regulatory crackdowns, and uncertainty over this year's presidential election.

Persons: — Organizations: Service, Discover, Truist Financial, Walmart, Bloomberg, Business, London Stock Exchange, LSE Group, dealmaking, Federal Reserve

☆ Older bosses can hurt the productivity of Gen Z and millennial workers
▼ + stars: | 2024-02-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

Gen Z and millennial workers, in particular, are seeing their productivity take a hit partly because of friction with older managers, according to a new report . But the share was higher among younger workers: 37% of Gen Zers and 30% of millennials said they weren’t getting much done. Older workers who had much younger managers didn't report decreased productivity. Varied experiences are one reason it can be good to bring on both younger and older workers, he said. That way of working, plus decades of experience, is why he thinks it’s often wise to rely on older workers.

Persons: —, Gen, ” Daniel Jolles, Zers, Gen Zers, millennials, Jolles, “ They’re, they’re, ” Jolles, it’s, what's, “ Organizations: Service, London School of Economics, Political, Business, LSE

☆ Six arrested over plot to disrupt London Stock Exchange by Palestinian Action group
▼ + stars: | 2024-01-15 | by ( Max Foster | ) edition.cnn.com time to read: +2 min

London CNN —Six people were arrested Sunday over a suspected plot to disrupt the London Stock Exchange (LSE) when the market opened for trade Monday, London’s Metropolitan Police has said. It was alleged that activists from the Palestine Action group intended to target the exchange on Monday morning to cause damage and prevent it from “opening for trading,” according to a statement from the police force. The LSE hasn’t had a physical trading floor since 1986, with all equities trading taking place electronically. Palestine Action is a British-based activist group that aims to disrupt the operations of weapons manufacturers supplying the Israeli government. Having only been provided with the material on Friday afternoon, we had limited time to act.”The London Stock Exchange declined to comment on the matter.

Persons: Israel ”, “, Sian Thomas, ” “ Organizations: London CNN —, London Stock Exchange, London’s Metropolitan Police, Metropolitan Police, Daily Express, Palestine, LSE hasn’t, LSE, Merseyside Police, Express Locations: Palestine, British, Israel, Liverpool

☆ 'Tax the bad' to boost climate finance, COP28 panel advises
▼ + stars: | 2023-11-29 | by ( Mark John | ) www.reuters.com time to read: +4 min

[1/3] A general view shows Marathon Petroleum's refinery, following Russia's invasion of Ukraine, in Anacortes, Washington, U.S., March 9, 2022. Higher carbon taxes - including levies on emissions from the maritime and aviation sectors - should be among options COP28 studies, the panel recommended. Subsidies for fossil fuels totalled $1.3 trillion, and substantially more if counting the societal cost of dealing with emissions and pollution. Co-chair Nicholas Stern, professor at LSE/Grantham Research Institute, said there was a compelling case for energy companies to make voluntary contributions. "I think that moral obligation is something that will be emphasised at COP28, and indeed before and after," he said.

Persons: David Ryder, Amar Bhattacharya, Vera Songwe, Nicholas Stern, Mark John, Barbara Lewis Organizations: REUTERS, Summit, United Arab, Brookings, Center, Sustainable Development, Investments, World Bank, LSE, Grantham Research Institute, Aviation, Thomson Locations: Ukraine, Anacortes , Washington , U.S, Dubai, United Arab Emirates, Paris, COP28, China

☆ The cost of climate policies: Hard-pressed consumers are pushing back
▼ + stars: | 2023-11-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

In a 2022 Pew survey covering 19 countries in North America, Europe and the Asia-Pacific region, climate change was named the top global threat. Aira UK“There is no trade-off between (installing a heat pump), saving the planet and at the same time saving the pockets of consumers,” CEO Martin Lewerth told CNN. “If you’re living outside Scandinavia and you want a heat pump, it’s not a hassle-free experience,” Lewerth acknowledged. “There is no scenario in which delay is the cheaper option with climate change,” said Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the LSE. “If we’d invested more in renewable energy… energy bills wouldn’t have gone up so much, which disproportionately impacted on poor households,” Valero at the LSE told CNN.

Persons: ”, ” Brett Meyer, Tone, Tony Blair, ” Langengen, Meyer, Anna Valero, Keith Mayhew, Oliver Blume, doesn’t, Rishi Sunak, Kelley, Martin Lewerth, Sunak, ” Lewerth, “, Bob Ward, we’d, ” Valero, Tim Jackson Organizations: London CNN, Times Radio, Tony, Tony Blair Institute for Global, Pew, London School of Economics, Political Science, CNN, HSBC, carmakers, Volkswagen, Grantham Research, LSE, ”, Swiss, Confederation of British Industry, Centre, Prosperity, University of Surrey Locations: London, Europe, North America, Asia, Pacific, Greece, United Kingdom, United States, Germany, “, Norway, Sweden, Aira, Essex, Swedish, Britain, Scandinavia, Grantham, Ukraine

☆ Environmental groups take Portugal to court over climate inaction
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Students of Camoes school shout slogans from inside the school after blocking the entrance as a protest for climate change and against the use of fossil fuels in Lisbon, Portugal, November 14, 2022. REUTERS/Pedro Nunes/ File photo Acquire Licensing RightsLISBON, Nov 27 (Reuters) - Environmental groups have filed a legal action in a Lisbon court against Portugal over an alleged failure to put into practice its own regulation to tackle climate change, they said on Monday. Portugal approved in 2021 a set of regulatory policies and legal instruments to combat climate change, but the three environmental groups - Ultimo Recurso, Quercus and Sciaena - say "little progress" has been made to meet goals and deadlines. They also said the government had not fully implemented measures of its national energy and climate plan (PNEC) as well as sector-specific policies for climate mitigation. Every deadline we miss ... increases the likelihood of catastrophic climate events," said Francisca Costa, from Ultimo Recurso, which means "last resort" in Portuguese.

Persons: Pedro Nunes, Ultimo, Francisca Costa, Ultimo Recurso, Catarina Demony, Mark Potter Organizations: of Camoes, REUTERS, Rights, Renewables, London School of Economics, Political Science, Thomson Locations: Lisbon, Portugal, Rights LISBON, Portuguese

☆ Amid the gloom here and abroad, the U.S. stock market is holding up just fine
▼ + stars: | 2023-11-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

I dislike getting involved in debates on the stock market when I am enjoying an old-fashion rum punch at a beach bar in the Caribbean, but I couldn't resist interjecting. "We'll see how the coming slowdown plays out," he said, and turned back to his discussion. The coming slowdown? More may be coming: the last week of November tends to be the strongest week of the month, Ryan Detrick, chief market strategist at Carson Group, has noted. As for earnings, which are the lifeblood for the stock market, forward earnings estimates for the next 12 months stand at record highs.

Persons: I's, Ryan Detrick, Detrick, Fundstrat's Thomas Lee, Oppenheimer's Ari Wald, Webush's Dan Ives, BMO's Brian Belski, Bespoke's Paul Hickey Organizations: EU, Hamas, Forbes, Bloomberg, Carson Group, LSE Locations: Caribbean, Antigua, British Commonwealth, London, England, American, China, Russia, Ukraine, Israel, U.S

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. "As European digital industry representatives, we see a huge opportunity in foundation models, and new innovative players emerging in this space, many of them born here in Europe. The signatories, who said just 3% of the world's AI unicorns come from the European Union, backed a joint proposal by France, Germany and Italy to limit the scope of AI rules for foundation models to transparency requirements. They also said the current broad scope of the draft AI rules could clash with existing legislation in certain sectors such as healthcare. The companies also rebuffed calls from creative industries for the AI rules to tackle copyright issues.

Persons: Dado Ruvic, DigitalEurope, Georgina Prodhan, Foo Yun Chee, Sharon Singleton Organizations: REUTERS, Rights, Airbus, European Union, Apple, Ericsson, Google, LSE, SAP, Siemens, Thomson Locations: BRUSSELS, Europe, France, Germany, Italy

☆ Economic models buckle under strain of climate reality
▼ + stars: | 2023-11-22 | by ( Mark John | ) www.reuters.com time to read: +6 min

But detractors say those numbers are the product of economic models that are not fit to capture the full extent of climate damage. A year earlier, the Trump administration cited similar models to justify replacing the Obama-era Clean Power Plan with one allowing higher emissions from coal-burning plants. At issue are the "integrated assessment models" (IAMs) economists use to draw conclusions on anything from output losses to financial risk or the pricing of carbon markets. Line chart with data from Climate Tracker shows varying predictions of global warming damage as percentage of GDP. "Our main message is: 'Economists, speak to climate scientists and come up with results that make sense'," he said.

Persons: William Nordhaus, Trump, Obama, Isabel Schnabel, Leon Walras, doesn't, Thierry Philipponnat, Steve Keen, Nordhaus, Rupert Thorne, Livio Stracca, Jean Boissinot, Nicholas Stern, Stern, Watch's Philipponnat, Mark John, Barbara Lewis Organizations: Central Bank, Finance Watch, Reuters, Network, Greening, " University College of London, ECB, NGFS, LSE, Grantham Research Institute, European Union, Thomson Locations: Dubai, Paris, Brussels

☆ London stock exchange sees first trading halt in 4 years; blue chips spared
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 19 (Reuters) - The London Stock Exchange (LSE) (LSEG.L) was forced to halt trading in smaller stocks on Thursday after an incident disrupted activity, although blue chip shares suffered no interruptions. London Stock Exchange Group (LSEG) said FTSE 100 (.FTSE), FTSE 250 (.FTMC) and International Order Book securities - those shares listed in London by overseas companies - were operating normally. The FTSE 100 closed down 1.2% on the day. In 2019, the London Stock Exchange suffered an almost two-hour outage that hit FTSE 100 and midcap stocks, which LSEG said was caused by a “technical software issue”.

Persons: Toby Melville, LSEG, Fiona Cincotta, Thomson, Akanksha, Huw Jones, Harry Robertson, Alun John, Joice Alves, Amanda Cooper, Danilo Masoni, Kirsten Donovan, Susan Fenton Organizations: London Stock Exchange Group, City of, REUTERS, London Stock Exchange, LSE, FTSE, Traders, Reuters, City, Thomson Reuters, Thomson Locations: City, City of London, Britain, London, LSEG, Bengaluru, Milan

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