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☆ How the super-rich are building their luxury ‘safe house’ bunkers
▼ + stars: | 2024-08-07 | by ( Simon Usborne | ) edition.cnn.com time to read: +8 min

Yet it’s no longer enough for the security-conscious billionaire to stick an impenetrable safe room in the basement where it might sit empty forever. Courtesy SAFEThe house itself, Corbi said in an interview via Zoom, is ultra-secure with the blast-proof doors, unbreakable windows and biometric door-entry systems. Even 50 years ago, he says traditional bunkers looked like high-end hotels — “kind of like the Ritz Carlton, underground”. For hundreds of thousands, prefabricated modular steel bunkers can be dropped into the ground under a new-build house. The days when you can throw a first aid kit in a prefab bunker and say you’re safe are long gone.”

Persons: “ We’ve, ”, Al Corbi, ” Corbi, Mukesh Ambani, Anant, Corbi, Mark Zuckerberg, Bill Gates, Noemi Cassanelli, CNN Graham Harris, Harris, they’re, Covid, Naomi Organizations: CNN, SAFE, Ritz, Carlton, Ritz Carlton, Creative Home Engineering Locations: Virginia, Mumbai, Hawaii, London, Highgate, Arizona —

☆ Orlando Cepeda, baseball Hall of Famer, dies at age 86
▼ + stars: | 2024-06-29 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +4 min

CNN —Baseball Hall of Famer Orlando Cepeda has died at age 86, his family announced via the San Francisco Giants on Friday. Cepeda made his major league debut with the Giants in 1958 – the year they moved from New York to San Francisco. Orlando Cepeda, then a player for the Atlanta Braves, poses for a photo in 1970. APCepeda is one of only two players in National League history to win both Rookie of the Year and MVP honors, unanimously. St. Louis Cardinals' Orlando Cepeda scores in the eighth inning of a baseball game as New York Mets catcher J.C. Martin, right, and umpire Tim McCarver, left, watch at Shea Stadium in New York in 1968.

Persons: CNN — Baseball Hall of Famer Orlando Cepeda, “, Orlando, Nydia, Cepeda, Bull, ” Cepeda, Willie Mays, Greg Johnson, “ Orlando, Orlando Cepeda, Hall of Famer Joe Torre, J.C, Martin, Tim McCarver, Roberto Clemente, Bob Melvin, it’s, ” Organizations: CNN — Baseball Hall of Famer, San Francisco Giants, Giants, Los Angeles Dodgers, Oracle, St, Louis Cardinals, National League, National Baseball Hall of Fame, ” Giants, Cardinals, Atlanta Braves, Hall of Famer, Braves, Puerto Rican, Boston Red Sox, Kansas City Royals, Famer, New York Mets, Shea, Baseball Hall of Fame, Veterans Committee, MLB, The Giants Locations: New York, San Francisco, Puerto Rico, St, Puerto Rican, Willie

☆ Manchester United 3-2 Newcastle United: Ten Hag’s side bounce back, Amad and Gordon shine
▼ + stars: | 2024-05-15 | by ( Mark Critchley | Chris Waugh | ) www.nytimes.com time to read: +8 min

Mark Critchley and Chris Waugh analyse the main talking points from Old Trafford…What does this mean for Manchester United? Mark CritchleyWhat does this mean for Newcastle United? Howe’s side are level on points with Manchester United, but above Ten Hag’s team on goal difference, a factor which could yet prove critical. Newcastle’s season-long away form, which is merely the 15th-best in the Premier League, has held them back throughout the campaign. What next for Newcastle United?

Persons: Newcastle United’s, Premier League Kobbie Mainoo, Anthony Gordon, Rasmus Hojlund, Lewis Hall, Mark Critchley, Chris Waugh, Erik, Mainoo, Oli Scarff, Stu Forster, Newcastle’s, Bruno Fernandes, Antony, Amad’s, Marcus Rashford, Alejandro Garnacho, Gordon, Aaron Wan, Jacob, St James ’ Park, they’ve, I’m, “, Eddie Howe, Roberto De Zerbi’s, Eddie Howe’s, — Organizations: Old, Manchester United, FA, Manchester City, Brighton, Premier League Kobbie, Newcastle, Arsenal, Getty, Europa League, Premier League, Newcastle United, Chelsea, Bournemouth, Brentford, Sunday, Europa Conference League, Ten, Manchester United’s, Manchester, St James, “ Newcastle, Sunday’s, Gtech Locations: Newcastle, Old Trafford, Europe, Crystal, AFP, Manchester, Brighton, Griffin

☆ Francesco Acerbi: Inter Milan player leaves Italy squad after allegations he used racist language
▼ + stars: | 2024-03-19 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Inter Milan defender Francesco Acerbi has left the Italian national squad ahead of its two upcoming friendlies after he was accused of using racially charged language towards Napoli player Juan Jesus during a game on Sunday. The alleged incident occurred during the second half of Inter Milan’s 1-1 draw with Napoli in Serie A, Italy’s top-flight league. Video footage shows Brazilian Jesus complaining to the referee and pointing at someone, before the official calls Acerbi over. In an Instagram post Monday, Jesus accused his opponent of calling him “Black” in a derogatory fashion, but Acerbi has since denied using any racist language. Claudio Villa/Getty ImagesIn a reported interview with Italian outlet Gazzetta dello Sport on Monday, Acerbi again refuted claims he used any racist remark.

Persons: Francesco Acerbi, Juan Jesus, Acerbi, Jesus, “, Luciano Spalletti, Gianluca Mancini, Claudio Villa, ” Acerbi, “ Acerbi, ‘, ” Jesus Organizations: CNN — Inter Milan, Italian, Napoli, Inter, Serie, Inter Milan, Italian Football Federation, Gazzetta, CNN Locations: Italy, Rome, Venezuela, Ecuador, Italy’s, “

☆ India's state-run banks to lower bond purchases as liquidity tightens - treasurers
▼ + stars: | 2023-10-13 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI (Reuters) - India’s state-owned banks will slow government bond purchases in the weeks ahead as banking system liquidity tightens, treasury officials from nine state lenders said. REUTERS/Hemanshi KamaniBond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. These lenders have bought 253 billion rupees ($3 billion) of government debt since Sept. 22, including 100 billion rupees on Oct. 6. Banking system liquidity - the quantum of funds in the interbank market - has largely been in deficit from the middle of September. Bond traders expect the banking system’s cash position to stay in deficit because of tax payments and likely bond sales by the Reserve Bank of India (RBI).

Persons: “, ” Vijay Sharma, PNB Gilts, Bond Organizations: REUTERS, Banking, Reserve Bank of India, “ Locations: MUMBAI, ”, India

☆ India's banking system liquidity deficit jumps to over 4-year high
▼ + stars: | 2023-09-20 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI (Reuters) - India’s banking system liquidity deficit is at its widest in over four years ago, amid tax outflows and the lack of any major inflows, traders said on Wednesday. REUTERS/Hemanshi Kamani/File PhotoBanking system liquidity deficit jumped to 1.47 trillion rupees ($17.67 billion) as on September 18, the highest single day shortfall since April 23, 2019, while banks have borrowed a record 1.97 trillion rupees from the central bank’s Marginal Standing Facility window. Advance tax payments took place last week, while outflows towards Goods and Services tax will be completed by Wednesday, with bankers estimating aggregate outflows of up to 2.50 trillion rupees. Moreover, “another drain on rupee liquidity could be from RBI’s (Reserve Bank of India) FX intervention if depreciation pressures on the rupee persist,” said Gaura Sen Gupta, an economist with IDFC First Bank. The liquidity deficit will, however, narrow towards the end of this month and the beginning of October as government spending picks up and the I-CRR is completely wound down.

Persons: Hemanshi, ”, Gaura Sen Gupta, Upasna Bhardwaj Organizations: REUTERS, Goods, Services, Reserve Bank of India, IDFC, Bank, Kotak Mahindra Bank Locations: MUMBAI, India, RBI’s

☆ Manchester United lurches from crisis to crisis. Will the club ever break out of its destructive cycle?
▼ + stars: | 2023-09-20 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

Roberto De Zerbi’s side is everything this United team is not at the moment: exciting, slick, cohesive, fast-paced and inventive. But perhaps the worst part of the defeat for United fans is that it wasn’t all that surprising. Boos rang out around Old Trafford at the end of the match – even when new signing Rasmus Højlund was substituted for Anthony Martial after 64 minutes. “We have to be very disappointed and annoyed at ourselves,” ten Hag told reporters. Former United striker Danny Welbeck came back to haunt his old club on Saturday.

Persons: CNN —, Erik, Roberto De Zerbi’s, Rasmus Højlund, Anthony Martial, Hag, “, Lewis Storey, Andy Mitten doesn’t, Erik ten Hag, ”, Erik ten, ” Mitten, Old Trafford, he’s, United’s, Antony –, Jadon Sancho, Danny Welbeck, Todd Boehly, Sancho, Sancho’s, Mason Greenwood’s, Antony, Glazer, Jim Ratcliffe, Jassim Bin Hamad Al, Michael Regan, Gary Neville, ” Neville, Jamie Carrager, Neville, Alex Ferguson, Martin Edwards, League’s, Alan Shearer, Mike Ashley’s, ” Shearer, Harry Kane Organizations: CNN, Manchester United –, Seagulls, United, Premier League, Brighton, Ajax, Arsenal, Athletic, Sky Sports, League, FA, Champions League, Man, Old, Manchester United, Former United, Getty, England, Getafe, Getty Images Manchester United, Newcastle, BBC’s, Bayern Munich, Bayern, Tottenham Hotspur Locations: Brighton, Old Trafford, Forest, Old, Jassim Bin Hamad Al Thani, Liverpool

☆ Uday Kotak is wanting for the market’s support
▼ + stars: | 2023-08-09 | by ( Shritama Bose | ) www.reuters.com time to read: +3 min

Uday Kotak plans to remain on the board of the $44 billion lender carrying his name after he steps down as CEO in December. India’s regulator will bear that in mind as it also decides if someone from inside Kotak Mahindra Bank (KTKM.NS) can succeed the 64-year-old. In the past, the regulator has booted out private bank chiefs for poor management of bad loans and overhauled a bank board where it perceived succession planning was poor. Whatever regulators decide for Uday Kotak and his bank, having the market onside will be helpful all around. Follow @ShritamaBose on TwitterCONTEXT NEWSThe Reserve Bank of India is nudging Kotak Mahindra Bank to select someone outside the lender to succeed billionaire founder Uday Kotak as the next CEO, Bloomberg reported on July 31, citing unnamed sources.

Persons: Uday Kotak, Jamie Dimon, Kotak, Jay, Una Galani, Thomas Shum Organizations: Reuters, Kotak Mahindra Bank, Reserve Bank of India, HDFC Bank, ICICI Bank, Kotak, Reuters Graphics, nudging, Mahindra Bank, Bloomberg, Thomson Locations: MUMBAI, Mumbai

☆ Instant View: Here’s what experts think of India's surprise rate decision
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +16 min

The monetary policy committee (MPC) retained the key lending rate or the repo rate (INREPO=ECI) at 6.50% in a unanimous decision. With the likely softening of CPI to the low- to mid-5% levels in the coming month, the current repo rate of 6.5% implies that India’s real policy rate will hover around 1% during 2023-24, while maintaining a policy rate differential of about 1.5% with the US. Room for additional rate hikes has been retained with MPC’s policy stance continuing to remain unchanged at ‘withdrawal of accommodation’. We believe the bar for future rate hikes has increased, especially since near-term prints of CPI will be sub 6%. Scope for further hikes is limited given our growth-inflation outlook and impact of the past rate hikes on the same.

☆ India's FY24 gross borrowing could be less than expected -economists
▼ + stars: | 2023-01-25 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

MUMBAI (Reuters) - India’s central government’s gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods and services tax may not be rolled over, a few economists said. The government’s gross borrowing is expected to be a record 16 trillion rupees (about $196 billion) for the fiscal year through March 2024, according to a Reuters poll of economists. Once we knock these off, the ‘true’ gross borrowing comes to 15.8 trillion rupees,” the economists estimated. India borrowed 1.1 trillion rupees and 1.59 trillion rupees in 2020-21 and 2021-22, respectively, to lend to states and compensate for a revenue shortfall from tax collections. After adjusting for the redemption of such bonds in 2022-23, IDFC First Bank expects gross borrowing of 15.50 trillion rupees.

☆ Friends and family mourn lives lost in India bridge disaster
▼ + stars: | 2022-11-02 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Rescue boats search the Machchu river where the pedestrian bridge collapsed on Sunday. Friends have lost friends and parents have lost children. By the time rescuers pulled Naseema to safety, the river had consumed every other family member who had been on the bridge that evening. He said that like many others, his daughter and son were excited to visit the bridge and watch the sunset. Crestfallen and anxious, he rushed to a nearby hospital where he saw his two children lying dead on stretchers.

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