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REUTERS/Loren Elliott/File Photo Acquire Licensing RightsSYDNEY, Nov 30 (Reuters) - Australia faces an increased risk of bushfires during the approaching summer, authorities warned on Thursday, with the El Nino weather pattern expected to generate hotter and drier conditions across large swathes of the country. Three years of incessant rain has increased vegetation, but the intense heatwaves common during Australia's December-February summer can quickly turn this into tinder-dry bushland, fuelling fires. Australia declared an El Nino weather pattern - which usually brings below-average rain and above-average daytime temperatures - was under way in September. The Bureau of Meteorology said it was not unusual to have wet weather during El Nino as it increases but does not guarantee drier conditions. Reporting by Renju Jose and Cordelia Hsu in Sydney; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Loren Elliott, Murray Watt, Simon Bradshaw, Renju Jose, Cordelia Hsu, William Mallard Organizations: New South, New South Wales Rural Fire Service, REUTERS, Rights, El, Emergency, Sydney, National Council for Fire, Emergency Services, Climate Council, Meteorology, El Nino, Thomson Locations: New, New South Wales, Arcadia, Sydney, Australia, Turkey, El Nino, Australia's, El
The inflation rate fell to 2.3% in November. Analysts polled by Reuters had expected inflation to ease to 2.6%. Core inflation, which excludes volatile food and energy prices, fell to 3.8% in November from 4.3% the previous month. "But the inflation rate will fall to below 3% as early as the beginning of next year," Wollmershaeuser said. Economists pay close attention to German inflation data, as Germany publishes its figures one day before the euro zone inflation data release.
Persons: Fabian Bimmer, Timo Wollmershaeuser, Wollmershaeuser, Commerzbank's, Ralph Solveen, Solveen, Bert Colijn, Colijn, Miranda Murray, Maria Martinez, Linda Pasquini, Sharon Singleton, Kirsten Donovan Organizations: REUTERS, Rights, Reuters, Union, European Central Bank, Thomson Locations: Hamburg, Germany, Spanish
Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing RightsBERLIN, Nov 29 (Reuters) - Germany's Bitcoin Group (ADE.DE) said on Wednesday it was taking measures to improve its internal control system, after the financial regulator BaFin ordered its subsidiary futurum bank to remedy shortcomings on money-laundering and terrorist financing. "The Bitcoin Group expressly points out that there are currently no indications of violations of money laundering and terrorist financing laws within the Group," the company said in a statement. On Tuesday, BaFin identified "severe deficits" at futurum bank involving its internal security measures, its fulfillment of due diligence obligations and its system for reporting suspicious activity. "We are actively working with BaFin to quickly address the criticized weaknesses in our internal processes, which have not kept pace with the company's growth in recent years," Bitcoin Group Chief Executive Marco Bodewein said in the statement.
Persons: Marco Bello, BaFin, Marco Bodewein, Rachel More, Madeline Chambers, Miranda Murray Organizations: REUTERS, Rights, Thomson Locations: Miami Beach , Florida, U.S, futurum
DENVER (AP) — Nikola Jokic had 32 points, 15 assists and 10 rebounds, Michael Porter Jr. scored a season-high 30 points and the Denver Nuggets rolled past the Houston Rockets 134-124 on Wednesday night in Jamal Murray's return from a hamstring injury. Murray scored 16 points after missing Denver’s past 11 games. “One of the security guards said, ‘Hey, great win tonight.’ I said it was a great outcome,” Nuggets coach Michael Malone said. "I wouldn’t call it a great win. Led by 12 points from Porter, the Nuggets scored a season-high 41 points in the first quarter and led by as many as 19 in the period.
Persons: Nikola Jokic, Michael Porter Jr, Jamal Murray's, Murray, , , , Michael Malone, you’ve, Porter, Aaron Gordon, I’ve, Jalen Green, Sengun, Fred VanVleet Organizations: DENVER, Denver Nuggets, Houston Rockets, Nuggets, ” Nuggets, NBA, Los Angeles Clippers, Denver, Rockets, Houston, Dallas Mavericks, Los Angeles Lakers Locations: Denver, Houston
The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse Acquire Licensing RightsZURICH, Nov 29 (Reuters) - Cartier-jewellery owner Richemont (CFR.S) on Wednesday said it was "carefully monitoring" the situation after Farfetch's FTCH.N founder said he was considering taking the online luxury retailer private. Richemont, which also owns several Swiss watch brands, said it has no financial obligation to Farfetch and does not envisage lending or investing into the company. "Richemont is carefully monitoring the situation, including reviewing its options in respect of its arrangements with Farfetch, announced on 24 August 2022, which remain subject to certain terms and outstanding conditions," the company said. Richemont's brands, which also include watchmakers IWC and Jaeger-LeCoultre, have been working on transferring their online businesses to Farfetch's technology.
Persons: Denis Balibouse, Farfetch's FTCH.N, Farfetch, Richemont, Porter, John Revill, Miranda Murray Organizations: REUTERS, Rights, Cartier, watchmakers IWC, Jaeger, Thomson Locations: Bellevue, Geneva, Switzerland, U.S, YNAP, Farfetch
The logo of Swiss drugmaker Novartis is pictured at the company's French headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau/File Photo Acquire Licensing RightsCompanies Novartis AG FollowSandoz GmbH FollowFRANKFURT, Nov 28 (Reuters) - Novartis (NOVN.S) has dialled up its sales growth target to 5% per year until 2027, citing demand for innovative drugs after it sold off its generic-drugs business. The medium-term target, which excludes any foreign exchange effects, is mainly driven by six drugs, led by Kisqali, it said in a presentation on Tuesday. The sales forecast, up from a previous revenue growth target of 4% through 2027, is also underpinned by demand for Pluvicto, a precision radiotherapy against prostate cancer, and self-administered multiple sclerosis (MS) shot Kesimpta. Reporting by Ludwig Burger; Editing by Miranda Murray and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Charles Platiau, Kisqali, Vas, Kesimpta, drugmaker, Sandoz, Ludwig Burger, Miranda Murray, Miral Organizations: Swiss, Novartis, REUTERS, Companies Novartis, Sandoz, FRANKFURT, Thomson Locations: Rueil, Malmaison, Paris, France, Basel, Swiss
Talking About the 10 Best Books of 2023
  + stars: | 2023-11-28 | by ( )   time to read: +1 min
It’s that time of year: After months of reading, arguing and (sometimes) happily agreeing, the Book Review’s editors have come up with their picks for the 10 Best Books of 2023. On this week’s podcast, Gilbert Cruz reveals the chosen titles — five fiction, five nonfiction — and talks with some of the editors who participated in the process. Here are the books discussed on this week’s episode:“The Bee Sting,” by Paul Murray“Chain-Gang All-Stars,” by Nana Kwame Adjei-Brenyah“Eastbound,” by Maylis de Kerangal“The Fraud,” by Zadie Smith“North Woods,” by Daniel Mason“The Best Minds,” by Jonathan Rosen“Bottoms Up and the Devil Laughs,” by Kerry Howley“Fire Weather,” by John Vaillant“Master Slave Husband Wife,” by Ilyon Woo“Some People Need Killing,” by Patricia EvangelistaWe would love to hear your thoughts about this episode, and about the Book Review’s podcast in general. You can send them to
Persons: Gilbert Cruz, Sting, , Paul Murray “, Nana Kwame Adjei, Maylis, Zadie Smith, Daniel Mason “, Jonathan Rosen, Kerry Howley, John Vaillant “, Ilyon Woo, Patricia Evangelista Locations: Woods
Berkshire Hathaway vice chairman Charlie Munger dies at 99
  + stars: | 2023-11-28 | by ( )   time to read: +12 min
Nov 28 (Reuters) - Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (BRKa.N), died on Tuesday morning at a California hospital. For stock-pickers like us to lose Charlie Munger, would be like if you’re a basketball fan and you lose Bill Russell. "I wouldn't think Berkshire will look much different, apart from Buffett no longer being able to share ideas with Munger. CATHERINE SEIFERT, VICE-PRESIDENT, CFRA RESEARCH, NEW YORK“Berkshire Hathaway shareholders are not going to be directly or negatively impacted from the passing of Charlie Munger. Therewass already a transition plan in place and there's a transition plan in place when Warren Buffett passes away.
Persons: Charlie Munger, Warren Buffett, Charlie, WHITNEY TILSON, BRIAN MOYNIHAN, Charlie Mungerwass, ” BURNS MCKINNEY, Bill Russell, , Berkshire Hathaway, ” PHIL ORLANDO, FEDERATED HERMES, BILL, Buffett, Munger, PHILLIP, , STEVE SOSNICK, , ” WIN MURRAY, DIAMOND, MARY JO, BILL SMEAD, Warren, ” “ Buffett, Todd Combs, Ted Weschler, ” PAUL LOUNTZIS, Greg Abel, I've, you'll, STEPHEN DODSON, hewass, ” PAUL NOLTE, FOR MURPHY, Warren Buffet, they've, QUINCY KROSBY, RICK MECKLER, CHERRY, NEW VERNON, Hewass, obviouslywass, DOUG KASS, ” THOMAS RUSSO, GARDNER RUSSO, QUINN, CATHERINE SEIFERT, he's, ” ANTHONY SAGLIMBENE, THOMAS HAYES Organizations: Berkshire Hathaway, COOK, APPLE, WHO, KASE, OF, FEDERATED, Berkshire, ” WIN, THE BRETTON, SAN, SYLVEST, NEW, Buffett, GREAT, Global Finance, Markets, Thomson Locations: California, Munger, Berkshire, American, DALLAS , TEXAS, GLENVIEW, CALIFORNIA, CONNECTICUT, DIAMOND HILL, COLUMBUS , OHIO, PHOENIX, ” “ Berkshire, , PENNSYLVANIA, ELMHURST, IL, CHARLOTTE, NC, CHERRY LANE, NEW JERSEY, LANCASTER , PENNSYLVANIA, Munger . Berkshire, TROY , MICHIGAN, GREAT HILL
Speaking to parliament, Scholz went into Germany's recent history of the COVID pandemic, the war in Ukraine and soaring energy prices to extend a suspension of self-imposed borrowing limits to tackle a crisis that has knocked his coalition. A constitutional court ruling nearly two weeks ago blocked the government's plans to reallocate unused pandemic funds towards green initiatives and industry support, raising fears Germany's economy could be further weakened. Scholz's assurances that his government would solve the budget crisis with care were met with jeers and laughter from the opposition Christian Democrats (CDU), whose lawsuit against the government had sparked the earlier court ruling. He underscored support for Ukraine, after the recent budget turmoil raised questions over how much military aid Berlin was willing to commit. "It is also clear that we must not let up in our support for Ukraine and in overcoming the energy crisis.
Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Friedrich Merz, Scholz, Germany's, Berlin, Scholz's, " Merz, Andreas Rinke, Christian Kraemer, Miranda Murray, Rachel More, Matthias Williams, Kirsti Knolle, Bernadette Baum Organizations: Climate, Christian Democratic Union, CDU, Bundestag, Christian Democrats, Ukraine, Finance, Thomson Locations: BERLIN, Ukraine, Germany, East Germany
NBA roundup: Joel Embiid, 76ers demolish Lakers
  + stars: | 2023-11-28 | by ( )   time to read: +3 min
[1/5] Nov 27, 2023; Philadelphia, Pennsylvania, USA; Philadelphia 76ers center Joel Embiid (21) dribbles the ball against Los Angeles Lakers forward Anthony Davis (3) during the third quarter at Wells Fargo Center. Philadelphia won for the fourth time in six games. Anthony Davis had 17 points and 11 rebounds and D'Angelo Russell contributed 12 points and seven assists for the Lakers, who had won four of five. Ausar Thompson tossed in 16 points and Jaden Ivey had 15 points, seven rebounds and seven assists. Malcolm Brogdon scored 24 points against his former team, while Deandre Ayton had 22 points and 13 rebounds for the Trail Blazers.
Persons: Joel Embiid, Anthony Davis, Bill Streicher, Tyrese Maxey, trey, LeBron James, Kareem Abdul, Jabbar, D'Angelo Russell, Reggie Jackson, DeAndre Jordan, Nikola Jokic, Aaron Gordon, Jamal Murray, Kawhi Leonard, Ivica Zubac, Paul George, Kyle Kuzma, Cade Cunningham, Ausar Thompson, Jaden Ivey, Jerami Grant, Malcolm Brogdon, Deandre Ayton, Tyrese Haliburton, Myles Turner, Bennedict Mathurin, Bruce Brown, Keyonte George, Lauri Markkanen, Zion Williamson Organizations: Philadelphia 76ers, Los Angeles Lakers, Wells, Wells Fargo Center, NBA, 76ers, Philadelphia, Lakers, Nuggets, Clippers, Denver, Pistons, Washington, Detroit, The Pistons, Blazers, Pacers, Portland, Indiana, Trail Blazers, Pelicans, Seven Utah, Thomson Locations: Philadelphia , Pennsylvania, USA, Wells Fargo, Los Angeles, Detroit, Indianapolis, Utah, New Orleans, Salt Lake City
Patrick Kane is joining the Detroit Red Wings for the rest of the season, choosing the championship-rich franchise over other suitors for the four-time All-Star's return to the NHL from hip surgery. After the Blackhawks and New York Rangers he joined after a pre-deadline trade, the Red Wings are set to become Kane’s third Original Six team. Kane had similar control as a free agent, letting the market and the first month of the season play out before talking to interested teams. The Red Wings and Blackhawks were longtime, bitter rivals until Detroit was shifted from the Western to the Eastern Conference in 2013 as part of realignment. Kane follows a similar path to the player he's chasing for the U.S. scoring record: Mike Modano, who played 20 seasons for the Minnesota North Stars/Dallas Stars before finishing his career with the Red Wings.
Persons: Patrick Kane, Kane, Ed Jovanovski, Nicklas Backstrom, Jovanovski, Backstrom, Andy Murray, Steve Yzerman’s, Conn Smythe, they've, Tage Thompson, Casey Mittelstadt, Rasmus Dahlin, Owen Power, Mike Modano, ___ Organizations: Detroit Red Wings, NHL, Associated Press, Stanley, Chicago, Detroit, hometown Buffalo Sabres, Toronto Maple Leafs, Eastern Conference, Florida Panthers, Blackhawks, New York Rangers, Wings, Washington Capitals, Atlantic Division, Red Wings, Rangers, U.S . National Team Development, Sabres, U.S, Minnesota North Stars, Dallas Stars Locations: U.S, New Jersey, Buffalo, Detroit, Farmington Hills , Michigan, Plymouth, New York
[1/3] People walk at the park after snowfall on the grounds of the Charlottenburg Castle in Berlin, Germany, November 28, 2023. REUTERS/Fabrizio Bensch Acquire Licensing RightsNov 28 (Reuters) - Authorities in western Germany on Tuesday urged residents to stay home, warning of life-threatening danger, after a burst of winter weather led to hazardous roads, leaving two people dead. The sudden onset of winter led to several accidents and people being trapped in their vehicles due to slippery roads and fallen branches caused by snowfall in many parts of Germany. In Rheingau-Taunus district in the west of Hesse, 100 people were evacuated from their vehicles near Eltville-Martinsthal, while 70 people were trapped on the road near Linienbad. The German Meteorological Service (DWD) forecasts snow and sleet again in many federal states today, adding that the weather will persist in the coming days.
Persons: Fabrizio Bensch, Amir Orusov, Miranda Murray Organizations: REUTERS, Schwaebisch, German Meteorological Service, Thomson Locations: Charlottenburg, Berlin, Germany, Baden, Aalen, Denzerheide, Rhineland, Palatinate, Hesse, Eltville, Linienbad
Residents of Freetown said on social media that a fresh round of gunshots was heard on Tuesday afternoon in the Murray Town suburb. “Thirteen soldiers were killed in action,” Sierra Leone’s army spokesman Colonel Issa Bangura told CNN Tuesday of the botched attack on the army base. Prison officials estimate that the number of fleeing inmates could be above 1,800. A cash reward has been offered for tip-offs leading to the arrest of either the assailants or prison escapees. A nationwide curfew was imposed following the series of attacks on Sunday, leading to widespread flight disruption at the Freetown International Airport.
Persons: , Umaru Fofana, , Sierra, Issa Bangura, ” Bangura, , Maada Organizations: CNN, Sierra, Facebook, Manhunt, Police, Airport, Authorities, European Union, Ecowas Locations: Sierra Leonean, Freetown, Murray Town, Sierra, Murray, Kingtom, West, West African, United States, European
Italy's Eni wins in arbitration case against Uniper -sources
  + stars: | 2023-11-27 | by ( )   time to read: +1 min
[1/2] The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi/File Photo Acquire Licensing RightsLONDON/MILAN/FRANKFURT, Nov 27 (Reuters) - Eni has won a $600-million award after an arbitration court decided in the Italian firm's favour and against Germany's Uniper in a row over a liquefied natural gas (LNG) supply contract, three trading sources said. The 2017 annual report by the International Group of LNG Importers (GIIGNL) showed a 15-year contract under which Eni supplied Uniper with 0.65 million tonnes of LNG per annum between 2007 and 2022. Eni was not immediately available for comment. ($1 = 0.9168 euros)Reporting by Marwa Rashad, Francesca Landini and Christoph Steitz Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
Persons: Alessandro Bianchi, Germany's, Uniper, Eni, Marwa Rashad, Francesca Landini, Christoph Steitz, Miranda Murray Organizations: Eni, REUTERS, Sunday, International Chamber of Commerce, E.ON, International Group, Thomson Locations: Rome, Italy, MILAN, FRANKFURT
A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. "With many of our pre-existing structures, processes and high costs, we are no longer competitive as the Volkswagen brand," Schaefer told a staff meeting at the carmaker's headquarters in Wolfsburg, according to a post on the company's intranet site and seen by Reuters. The company had previously said it planned to take advantage of the "demographic curve" to reduce its workforce, having pledged that it would not carry out dismissals until 2029. In Monday's meeting, human resources board member Gunnar Kilian said this would be achieved through agreements on partial or early retirement. ($1 = 0.9168 euros)Reporting by Victoria Waldersee Writing by Matthias Williams Editing by Miranda Murray and David GoodmanOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, Thomas Schaefer, Schaefer, Gunnar Kilian, Kilian, Victoria Waldersee, Matthias Williams, Miranda Murray, David Goodman Organizations: New York, REUTERS, BERLIN, VW, Volkswagen, Reuters, Victoria, Thomson Locations: Manhattan , New York City, U.S, Wolfsburg
NBA roundup: Ex-Blazer Damian Lillard seals Bucks win
  + stars: | 2023-11-27 | by ( )   time to read: +7 min
The Nets gave up the game's first 13 points and trailed 30-9 with 4:37 left in the first quarter. Terry Rozier collected 22 points and nine assists, Brandon Miller had 20 points, P.J. Hornets point guard LaMelo Ball had seven points before exiting midway through the second quarter with a right ankle strain. Reggie Jackson had 20 points, Kentavious Caldwell-Pope contributed 16 points and Julian Strawther added 10 points for Denver. Poeltl added 13 rebounds.
Persons: Giannis Antetokounmpo, Jeff Hanisch, Bobby Portis, Damian Lillard's, Lillard, Jrue, Deandre, Toumani Camara, Spencer Dinwiddie, Royce O'Neale, Lonnie Walker IV, DeMar DeRozan, Coby White, Patrick Williams, Zach LaVine, Jayson Tatum, Tatum didn't, Al Horford, Derrick White, Jaylen Brown, Neemias Queta, Trae Young, Atlanta's De'Andre Hunter, Bogdan Bogdanovic, Bogdanovic, Devin Booker, Booker, Kevin Durant, Eric Gordon, Jordan Goodwin, Jalen Brunson, Julius Randle, Immanuel Quickley, Franz Wagner, Cole Anthony, Paolo Banchero, Jalen Suggs, Goga Bitadze, Moritz Wagner, Anthony, Miles Bridges, Terry Rozier, Brandon Miller, Mark Williams, LaMelo Ball, Ball, Anthony Edwards, Mike Conley, Conley, Jaren Jackson Jr, Desmond Bane, Santi Aldama, Nikola Jokic, Michael Porter Jr, San Antonio, Reggie Jackson, Kentavious Caldwell, Pope, Julian Strawther, Aaron Gordon, Jamal Murray, Victor Wembanyama, Devin Vassell, Malaki Branham, Julian Champagnie, Keldon Johnson, Tre Jones, Darius Garland, Max Strus, Donovan Mitchell, Evan Mobley, Jarrett Allen, Pascal Siakam, Jakob Poeltl, Poeltl, Scottie Barnes, Dennis Schroder, Gary Trent Jr Organizations: Milwaukee Bucks, Portland Trail Blazers, Fiserv Forum, Bucks, Trail Blazers, Portland, Nets, Bulls, Brooklyn, NBA, skidding Chicago, The Nets, Milwaukee, Celtics, Hawks, Boston, Atlanta, Suns, Knicks, Phoenix, New York, Hornets, Orlando, Charlotte, Banchero, Timberwolves, Grizzlies, Wolves, Nuggets, Spurs, Denver, San, The Nuggets, Cavaliers, Raptors, Cleveland, Toronto, Clevland, Thomson Locations: Milwaukee , Wisconsin, USA, Portland, Deandre Ayton, Sacramento, New, P.J, Washington, Minnesota, Memphis, Denver
View of the construction site of the Elbtower building, owned by Rene Benko’s Signa and a Commerzbank subsidiary, in Hamburg Germany, November 2, 2023. On Friday, Signa Real Estate Management filed for insolvency in a local court in Berlin, according to a court filing. The real estate sector was a bedrock of Germany's economy for years, accounting for roughly a fifth of output and one in 10 jobs. Now a sharp rise in rates has put an end to the run, tipping some developers into insolvency as deals freeze and prices fall. Weakness in commercial real estate in the United States as offices remain empty after the pandemic and the struggles of major property developers in China have focused global attention on the sector.
Persons: Rene Benko’s Signa, Fabian Bimmer, Signa, Elliott, Rene Benko, Switzerland's Julius Baer, Hannes Moesenbacher, Matthias Inverardi, John O'Donnell, Miranda Murray, Sharon Singleton, Mark Potter Organizations: REUTERS, Rights, Elliott Investment Management, Chrysler, Estate Management, Austria's Raiffeisen Bank, Thomson Locations: Hamburg Germany, Austrian, Germany, Austria, Switzerland, Sweden, Berlin, Bavaria, Hesse, Hamburg, Europe's, United States, China
Over the years, CEOs and business leaders have shared their thoughts on the phrase "work-life balance." AdvertisementYou wouldn't think that the phrase "work-life balance" would be a controversial one. Here are some of the hottest takes on work-life balance, given by some of the top business executives in the US. Jeff Bezos says work and life should make a circle, not a "balance"Jeff Bezos has called the phrase "work-life balance" debilitating. TIAA CEO thinks the entire concept is a "lie"TIAA's CEO says work-life balance is a "lie."
Persons: Jeff Bezos, , Clive Mason, Axel Springer, Bezos, it's, Elon Musk, Satya Nadella, Nadella, he's, Paras Griffin, Thasunda Brown Duckett, Alan Murray, Brown Duckett, Arianna Huffington, Andrew H, Walker, Huffington, Elon Musk Elon, STEFANI REYNOLDS, Musk, Walter Isaacson's Organizations: Service, Amazon, Business, Bloomberg, Press, Australian Financial, Getty, Oxford University, Elon, Getty Images, CNBC, YMCA, Tesla
He also makes sure to buy a Lucky for Life ticket for 10 or 20 draws, according to the Michigan Lottery. On September 17, the retailer at a GoLo gas station made a mistake, accidentally printing a ticket with 10 lines for a single draw, Sopejstal told the Lottery. Sopejstal told the retailer he still wanted it. “I checked my ticket one morning and saw that I had won $25,000 a year for life,” he told Lottery officials. Sopejstal told the Lottery he plans to use his prize money to travel and save the rest.
Persons: Michael Sopejstal, Sopejstal, , Organizations: CNN, Michigan Lottery, Lottery Locations: Illinois, Indiana, Michigan, Washington ,
The court ruling has called into question Germany's traditionally strict fiscal policy and sparked warnings that German companies could be starved of support to keep them globally competitive. HANDS TIEDThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match," he said. A poll by broadcaster ZDF suggested only a minority of Germans supported suspending the debt brake. Some 57% wanted the budget shortfall from the court ruling to be covered by spending cuts, 11% favoured tax increases and 23% wanted the state to take on additional debt.
Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Scholz, Lindner, Habeck, Steffen Hebestreit, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra, Gareth Jones, Deepa Babington Organizations: Climate, Finance, BERLIN, Greens, Social Democrats, Free Democrats, FDP, ZDF, Thomson Locations: Germany, Europe's, East Germany, China
Lindner plans to lift self-imposed limits on borrowing and present a supplementary budget next week after a constitutional court ruling wiped billions from the federal budget and forced the government to freeze most new spending commitments. HANDS TIED IN A BOXING MATCHThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match. A poll by the broadcaster ZDF suggested only a minority of Germans, 35%, supported suspending the debt brake however, compared to 61% wanting it to stay in place. Some 57% wanted the budget shortfall from the court ruling to be covered by spending cuts, 11% favoured tax increases and 23% wanted the state to take on additional debt.
Persons: Christian Lindner, Lindner, hawkish Lindner, Chancellor Olaf Scholz's, Robert Habeck, Habeck, Thomas Gitzel, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra Organizations: BERLIN, German Finance, Greens, ZDF, Bank, Thomson Locations: Germany, China, Europe
Germany's economy shrinks slightly in third quarter
  + stars: | 2023-11-24 | by ( )   time to read: +2 min
REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsBERLIN, Nov 24 (Reuters) - Germany's economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday. The figure confirmed an initial estimate, published in late October, that saw Europe's largest economy shrink by 0.1%. In the second quarter, Germany's economy had grown by 0.1% after stagnating in the first three months of the year. Private consumer spending, which accounts for about two-thirds of GDP, was 0.3% lower than in the previous quarter, the statistics office said. The Bundesbank said in its monthly economic report on Monday that the German economy will likely shrink again in the fourth quarter and show signs of slight improvement early next year.
Persons: Kai Pfaffenbach, Ruth Brand, Thomas Gitzel, Miranda Murray, Linda Pasquini, Jamie Freed Organizations: REUTERS, Rights, Bank, Thomson Locations: Frankfurt, Germany, Europe
The court ruling has called into question Germany's traditionally strict fiscal policy and sparked warnings that German companies could be starved of support to keep them globally competitive. The debt brake, introduced after the global financial crisis of 2008/09, was first suspended in 2020 to help the government support firms and health systems during the COVID-19 pandemic. HANDS TIEDThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match," he said. A poll by broadcaster ZDF suggested only a minority of Germans supported suspending the debt brake.
Persons: Christian Lindner, Fabrizio Bensch, Scholz, Olaf Scholz, Lindner, Robert Habeck, Habeck, Steffen Hebestreit, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra, Gareth Jones Organizations: REUTERS, BERLIN, Finance, Greens, ZDF, Thomson Locations: Berlin, Germany, Europe's, East Germany, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK's Autumn Statement laid bare how much economic damage Conservatives have caused: James MurrayJames Murray, the U.K.'s shadow financial secretary to the Treasury, discusses Chancellor of the Exchequer Jeremy Hunt's Autumn Statement and the country's economic outlook.
Persons: James Murray James Murray, Jeremy Hunt's Organizations: Treasury
German union Verdi calls for strikes at Amazon on Black Friday
  + stars: | 2023-11-23 | by ( )   time to read: +1 min
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsNov 23 (Reuters) - German trade union Verdi has called on members to go on strike at five Amazon (AMZN.O) distribution centres across Germany on Black Friday, it said in a statement on Thursday. Strong demand thanks to bargains on Black Friday mean the day is usually one of the most profitable for online retailers like Amazon. "Amazon employees have decided to rename Black Friday 'Make Amazon Pay Day'", said Silke Zimmer, the member for retail on Verdi's governing board. "It's not for nothing that half of our colleagues have been with us for over five years," the Amazon spokesperson said.
Persons: Pascal, Verdi, Silke Zimmer, Matthias Inverardi, Louis van Boxel, Woolf, Emma, Victoria Farr, Miranda Murray, Daniel Wallis Organizations: REUTERS, Amazon, Bad, Thomson Locations: Lauwin, France, Germany, Koblenz, Leipzig, Rheinberg, Dortmund, U.S
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