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☆ Spain floods: Furious residents in Valencia feel abandoned after historic floods with more rain on the way
▼ + stars: | 2024-11-04 | by ( Atika Shubert | ) edition.cnn.com time to read: +10 min

Manu Fernandez/AP A woman embraces a member of the Emergency Military Unit in Sedavi on Sunday. Susana Vera/Reuters Heavy machinery is used to carry out repairs on the flood-damaged railway tracks in Sedavi on Sunday. Manu Fernandez/AP A firefighter checks inside a vehicle at a flooded garage in Alfafar on Saturday. Susana Vera/Reuters Emergency services workers survey a devastated street in Letur on Wednesday. Susana Vera/Reuters A man dumps floodwater out of his house in Utiel on Wednesday.

Persons: Teen, DANA Desaparecidos, DANA Desparecidos, Mila, Manu Fernandez, Nacho Doce, King Felipe, Pedro Sanchez, Carlos Mazon, ”, Eva Manez, Susana Vera, Manaure Quintero, Hugo Torres, Pablo Blazquez Dominguez, Angel Garcia, Bruna Casas, —, Alberto Saiz, Biel, David Ramos, La Torre, Ana Escobar, Ismael Herrero, Shutterstock, Doce, Jose Jordan, Blanca Ruiz, Carlos Calmaestra, Oscar Del Pozo, Eva Defez's, Mateo Villalba Sanchez, Víctor, Alba Lozano Asencio, Luciano Esguerra, DANA Desaparcideo, ” Asencio, “, Spain’s King Felipe, Queen Letizia, Margarita Robles, Pedro de Juan, it’s, Francisco Bosque, AENA, AEMET Organizations: Spain CNN, Emergency, Unit, Reuters Volunteers, Reuters, Getty, Volunteers, AP, Military Unit, Reuters Firefighters, Reuters Vehicles, Biel Alino, Firefighters, La Torre, AP Authorities, Wednesday, Europa Press, CNN, Spanish, Barcelona’s El Prat Locations: Valencia, Spain, Picanya, Silla, Catarroja, Sedavi, Massanassa, AFP, Benetusser, Alfafar, Paiporta, Chiva, Benetússer, La, Letur, La Torre, Godelleta, Utiel, Sedaví, L'Alcúdia, Spanish, Barcelona, Barcelona’s, Castellon, Alicante

☆ Spain floods: Horrific details emerge of how Valencia victims died
▼ + stars: | 2024-11-01 | by ( Lauren Kent | Benjamin Brown | ) edition.cnn.com time to read: +6 min

Alberto Saiz/AP A man walks around a cemetery on the outskirts of Valencia on Friday. Alberto Saiz/AP People clear debris from a shop in Chiva on Friday. Alberto Saiz/AP A member of the Military Emergencies Unit searches for victims in Letur on Friday. Alberto Saiz/AP A man stands among damaged vehicles in Valencia on Thursday. Mud still fills the streets in many areas, with the mayor of Valencia sharing images of community clean-up efforts on Friday.

Persons: David Ramos, Manu Fernandez, Nacho Doce, La Torre, Ana Escobar, Susana Vera, Alberto Saiz, Ismael Herrero, Shutterstock, Doce, Jose Jordan, Blanca Ruiz, Carlos Calmaestra, Oscar Del Pozo, Eva Defez's, Mateo Villalba Sanchez, Eva Manez, Víctor, Spain’s, ”, RTVE, Paiporta’s, María José Catalá, La Organizations: CNN, RTVE, Firefighters, Getty, AP, Reuters, La Torre, Military, Unit, AP Authorities, Wednesday, Europa Press, Spain’s El Mundo, Spanish, “, ” Locations: Spain, Valencia, Torre, Benetússer, Chiva, Paiporta, La, Alfafar, Letur, La Torre, AFP, Godelleta, Utiel, Sedaví, L'Alcúdia, Spanish, Huelva, Andalusia, Orange

☆ Death toll in Spain's floods rises to 158, among Europe's worst storm disasters
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +5 min

A man with a shovel stands on a mud-covered street in the aftermath of torrential rains that caused flooding, in Paiporta, Spain, October 31, 2024. A view shows an area affected by heavy rains that caused flooding near Valencia, Spain, October 31, 2024. People stand next to damaged surface metro tracks in the aftermath of torrential rains that caused flooding, in Paiporta, Spain, October 31, 2024. Stranded cars are piled up on the street, following floods, in La Torre neighbourhood in Sedavi, Valencia, Spain, October 31, 2024. A woman kneels down against a wall as mud fills the street in Sedavi, Valencia, Spain, October 31, 2024.

Persons: Eva Manez, Angel Victor Torres, Mayor Maria Jose Catala, La Torre, Doce, Laura Villaescusa, Maribel Albalat, Antonio Molina, Molina's, Oscar Puente, Puente, Susana Vera, Pedro Sanchez, Ricardo Gabaldon Organizations: Rescue, Mayor, Reuters, La Torre, Interior Ministry, TVE Locations: Paiporta, Spain, Valencia, Germany, Romania, Portugal, La, Madrid, La Torre, Sedavi, Valencia city, Spanish, Utiel

☆ Lamine Yamal makes history as Barcelona hammers Real Madrid in El Clásico
▼ + stars: | 2024-10-27 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Real Madrid suffered an embarrassing 4-0 defeat on home soil to bitter rival Barcelona on Saturday in the latest edition of El Clásico. Barcelona’s victory extended its early lead over Real Madrid at the top of La Liga to six points, with the team led by an impressive group of young stars. Susana Vera/ReutersIt was a particularly tough night for Real Madrid’s newest superstar Kylian Mbappé, who struggled in his first taste of El Clásico. But Real manager Carlo Ancelotti was sanguine in his assessment of the match, insisting the result wouldn’t define the team’s season. “Real Madrid has opened an investigation in order to locate and identify the perpetrators of these deplorable and despicable insults so that the appropriate disciplinary and judicial measures can be taken.”

Persons: El Clásico, Santiago Bernabéu, Robert Lewandowski, Lamine Yamal, Raphinha, Hansi Flick, Barcelona’s, Susana Vera, Kylian Mbappé, Carlo Ancelotti, “ I’m, We’re, Mbappé, David Ramos, ” Organizations: CNN — Real Madrid, Barcelona, Santiago, Diario AS, Real, La Liga, Real Madrid, La, Bayern Munich, Champions League, Wednesday, Reuters, Real Madrid’s, “, League, ”, Getty, “ Real Locations: El, Barcelona, La, Yamal, Pau Cubarsí, French, Real Madrid, “ Real Madrid

☆ Champions League: Vinícius Jr. nets hat-trick as Real Madrid makes stunning comeback over Borussia Dortmund
▼ + stars: | 2024-10-23 | by ( Ben Church | ) edition.cnn.com time to read: +5 min

CNN —There is just something about Real Madrid and the Champions League. “We spoke calmly about how to change things in the second half. The goal sent fans inside the Santiago Bernabéu into a frenzy as Madrid began to click into action. “These three goals will help him towards the next Ballon d’Or.”Villa remains unbeatenElsewhere, Aston Villa maintained its perfect start to the Champions League campaign. Aston Villa remains unbeaten in the Champions League after winning all three of its games so far.

Persons: Blancos, Donyell Malen, Jamie Gittens, ”, Carlo Ancelotti, Susana Vera, Antonio Rüdiger, –, Lucas Vázquez, Ballon, allon, e nergy., ilan, abbe Organizations: CNN, Real Madrid, Champions League, Borussia Dortmund, Dortmund, Brazilian, Reuters, Madrid Locations: Spanish, Madrid, ” Madrid, Santiago

☆ Lost Caravaggio goes on display after almost being sold at auction for just $1,600
▼ + stars: | 2024-05-28 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —A lost Caravaggio painting that was almost mistakenly sold at auction for a bargain price has gone on display at the Prado Museum in Madrid, Spain, after being rescued and restored. The oil on canvas work depicts Jesus wearing a crown of thorns with blood running down his face and onto his chest. Michelangelo Merisi da Caravaggio, better known simply as Caravaggio, is known for his visceral depictions of violence. “Ecce Homo” will be displayed at the Prado Museum until October 13. Both the previous owner and the buyer were keen for the painting to go on public display at the Prado, said Coll.

Persons: Jesus, Pontius Pilate, Michelangelo Merisi da Caravaggio, Susana Vera, Caravaggio, ”, King Philip IV’s, Evaristo Pérez de Castro, José de, Jorge Coll, Coll Organizations: CNN, Prado Museum, Real Academia de Bellas Artes de, Prado, Spain’s Ministry of Culture, Colnaghi Locations: Madrid, Spain, Italian, Judea, Rome, Naples, Real Academia de Bellas Artes de San Fernando, José de Ribera

☆ Latest Israel, Gaza and Rafah News: 3 Countries to Formally Recognize Palestinian Statehood
▼ + stars: | 2024-05-28 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +3 min

Top NewsThree European nations are formally recognizing an independent Palestinian state on Tuesday, drawing the ire of Israel as it continues to press its military offensive in Gaza. The previously announced moves by Spain, Norway and Ireland are largely symbolic, but serve as a rebuke to Israel in the face of mounting international frustration over the country’s military offensive in Gaza and its occupation of Palestinian territories over the years. Israel’s foreign minister, Israel Katz, on Tuesday accused Spain’s prime minister, Pedro Sánchez, of complicity in incitement against Jews for his role in recognizing a Palestinian state. Image Prime Minister Pedro Sanchez of Spain announcing Spain’s recognition of a Palestinian state, in a bar in Madrid on Tuesday. The White House has flatly rejected unilateral recognition of Palestinian statehood, with Adrienne Watson, a National Security Council spokeswoman, saying that President Biden “believes a Palestinian state should be realized through direct negotiations between the parties.” Aaron Boxerman , Steven Erlanger and Emma Bubola contributed reporting.

Persons: Israel, Israel Katz, Spain’s, Pedro Sánchez, Sánchez, ”, Pedro Sanchez of Spain, Susana Vera, Jonas Gahr, Adrienne Watson, Biden “, ” Aaron Boxerman, Steven Erlanger, Emma Bubola Organizations: ., Reuters, Palestinian, Israel, National Security Council Locations: Gaza, Spain, Norway, Ireland, Israel, Rafah, Palestinian, Madrid, Palestine, United States, Europe

☆ Iga Świątek: How ‘introverted’ tennis star became a four-time grand slam champion and the world’s highest-paid female athlete
▼ + stars: | 2024-05-24 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

CNN —Calm and understated, Iga Świątek rarely appears flustered by the triumphant highs and heart-breaking lows of professional tennis, but discovering that she would be crowned world No. Since rising to the top of the rankings, the Polish star has been a dominant force in women’s tennis, winning 16 titles – 21 in total – and only once dropping from the No. “When we started working in 2019, I was really, really introverted,” says Świątek. Last year, she became the first female athlete to be sponsored by sportswear brand On and has helped to develop the company inaugural tennis range. Świątek was estimated by Forbes to be the world's highest-paid female athlete last year.

Persons: Świątek, ”, “, –, ” Świątek, Aryna Sabalenka, Susana Vera, Roland Garros, you’re, there’s, hasn’t, “ We’re, Yves Herman, Daria Abramowicz, Karolína Muchová, Julien de Rosa, it’s, Eileen Gu, Coco Gauff, Emma Raducanu, Naomi Osaka, Aryna, Williams, Maria, Sharapova, ” Max Eisenbud, Taylor Swift, Andre Agassi, Lindsey Vonn, Robert Prange, Eisenbud, I’ve, ” “, Monica Seles, Justine Henin – Organizations: CNN, tennis, CNN Sport, Madrid, Reuters, Porsche, Rolex, Getty, Forbes ’, Tennis, Forbes, Serena, Brands Locations: Madrid, Rome, AFP, American, Świątek

☆ Israel’s repudiation of a deal with Hamas draws fury from hostages’ families
▼ + stars: | 2024-02-09 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

Survivors of the October 7 terror attack and the families of hostages were furious at the uncompromising repudiation of a deal that – ultimately – could have resulted in the return of all the remaining hostages in Gaza. Moshe’s words carried power – she was kidnapped by Hamas from Kibbutz Nir Oz and held hostage in Gaza for seven weeks. The families of the hostages held in Gaza have emerged as a leading voice and they attract huge support among Israelis. Protesters demand a hostage deal amid the ongoing conflict between Israel and Hamas, in a demonstration in Tel Aviv, Israel, on February 1, 2024. These anti-government protests are still strictly separate from the hostage families’ events, which tend to take place just down the road at what has become known as the Hostage Plaza.

Persons: Benjamin Netanyahu, “, ” Netanyahu, –, Adina Moshe, Netanyahu, Sahar Kalderon, Aviva Siegel, Nili Margalit, Sharon Aloni Cunio, Susana Vera, I’m, ” Moshe, Nir Oz, David, Sa’id, Moshe, Lital Shochat, Shochat, ‘, Shochat Chertow, Shiva, ”, Doron Shabtai, Shabtai, Ivana Kottasova, Yair Lapid, ” “, Bibi ”, Evyatar Cohen, … Organizations: Tel, Tel Aviv CNN, State, Wednesday, Reuters, Protesters, Israel Democracy HQ, Hamas, CNN, Israeli, Yesh Locations: Tel Aviv, Israel, Gaza, Sderot, Jerusalem, Israel’s, Lebanon

☆ Spanish museum may keep Pissarro painting looted by Nazis, US court rules
▼ + stars: | 2024-01-12 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

Reuters —A US appeals court said on Tuesday that Madrid’s Thyssen-Bornemisza museum may keep a painting by the French impressionist Camille Pissarro that the Nazis looted from a Jewish woman, rejecting an ownership claim that her heirs have pursued for more than two decades. The 3-0 decision by the 9th US Circuit Court of Appeals in Pasadena, California, came in one of the oldest Nazi art theft cases, which began in 2005 and reached the US Supreme Court two years ago. After learning where the painting was, Neubauer’s grandson, Claude Cassirer, petitioned for its return in 2001, and sued four years later. The painting (far right) on display at Madrid's Thyssen-Bornemisza museum, which acquired the work in 1993. The decision came two years after the Supreme Court threw out an earlier 9th Circuit decision because it misapplied choice-of-law rules.

Persons: Madrid’s Thyssen, Camille Pissarro, “, “ Rue Saint Honore, pluie, Rue, Rue Saint Honore, Lilly Neubauer, Thyssen, Baron Hans Heinrich Thyssen, Neubauer’s, Claude Cassirer, David, Madrid's Thyssen, Susana Vera, Judge Carlos Bea, Consuelo Callahan, ”, Spain’s, Thaddeus Stauber Organizations: Reuters, 9th, Supreme Court, “ Rue Saint, Rue Saint, Bornemisza, United Jewish Federation of San Locations: Bornemisza, Pasadena , California, Paris, Nazi Germany, United Jewish Federation of San Diego County, California, Spain, Nazi

But industry experts say governments need to offer incentives for companies to bring sustainable AC technologies to market and scale up. Removing humidity requires cooling air to the point at which water vapour becomes a liquid to be drained. This inability to get rid of humidity without first cooling the air makes conventional ACs less efficient. The company's AC prototype uses these materials to dry out air, aiming to produce fewer emissions than traditional ACs. More than 1 billion people living in warm climates still lack access to cooling, according to nonprofit Sustainable Energy for All.

Persons: Pedro Rodriguez, Susana Vera, We've, Lily Riahi, Riahi, Sorin Grama, Grama, Gree, Daikin, Miki Yamanaka, Larissa Gross, UNEP's Riahi, Baolong Wang, Wang, Xavier Moya, Gloria Dickie, Katy Daigle, Simon Jessop, Josie Kao Organizations: Puerta del, REUTERS, Rights, International Energy Agency, United Nations Environment Programme's, Cool Coalition, Massachusetts Institute of Technology, Daikin's Global Environment Center, Sustainable Energy, Tsinghua University, University of Cambridge, Reuters, Thomson Locations: Puerta del Sol, Madrid, Spain, Seville, Europe, Spanish, Beijing, Indonesia, Britain, U.S

[1/2] International Monetary Fund Managing Director Kristalina Georgieva addresses the media on the fourth day of the annual meeting of the IMF and the World Bank, in Marrakech, Morocco, October 12, 2023. "So that is to my mind the number one priority for this COP, is to recognise that business as usual has to be dropped." Several countries were also considering using their 2021 SDR allocation on a bilateral basis alongside IMF programmes, she added. While the current average price was now around $5 a ton, "clearly there is a long, long, long way to go", she said, citing a preference for carbon taxes but openness to trading systems, as seen in Europe, or U.S.-style standards and rebates. This is ongoing work at the fund," she said, citing ongoing talks with the World Bank on how it would work.

Persons: Kristalina Georgieva, Susana Vera, Georgieva, it's, Andrea Shalal, Marc Jones, David Lawder, Alex Richardson Organizations: Monetary Fund, IMF, World Bank, REUTERS, International Monetary Fund, Reuters, Growth Trust, Sustainability Trust, African Development Bank, Inter, American Development Bank, Thomson Locations: Marrakech, Morocco, Dubai, Paris, Europe

☆ Zambia debt rework delaying impede key investments, hitting the 'most vulnerable' - FinMin
▼ + stars: | 2023-11-24 | by ( Karin Strohecker | ) www.reuters.com time to read: +3 min

Zambia's Finance Minister Situmbeko Musokotwane takes part in a panel during the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 14, 2023. Zambia defaulted three years ago and is trying to rework its debt under the G20 Common Framework, a programme designed to ensure swift and smooth debt overhauls for low-income nations. The first African country to default in the COVID-19 era, Zambia's debt restructuring had started with drawn-out negotiations with bilateral creditors including China. "Zambia’s debt restructuring has dragged on too long," Musokotwane said in emailed comments. Musokotwane said the country had implemented some serious reforms and committed to improving management of government finances and boosting growth.

Persons: Situmbeko Musokotwane, Susana Vera, Musokotwane, Karin Strohecker, Rachel Savage, Kim Coghill Organizations: Zambia's, International Monetary Fund, World Bank, REUTERS, Finance, Reuters, Thomson Locations: Marrakech, Morocco, Zambia, China

☆ World Bank and kin head for a $100 bln cash call
▼ + stars: | 2023-11-20 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

World Bank President Ajay Banga arrives for a signing ceremony with Thailand to host the 2026 International Monetary Fund and the World Bank annual meetings on the last day of this year's meeting, following last month's deadly earthquake, in Marrakech, Morocco, October 15, 2023. REUTERS/Susana Vera Acquire Licensing RightsLONDON, Nov 20 (Reuters Breakingviews) - The World Bank and its fellow institutions are heading for a cash call. The World Bank and its regional peers, such as the African Development Bank and the Asian Development Bank, are well placed to help developing countries craft strategies to develop in a green way. Donald Trump may seem an unlikely supporter of the World Bank if he wins. The People’s Republic, for its part, will want to increase its stake in the World Bank as part of any capital increase.

Persons: Ajay Banga, Susana Vera, Fitch don’t, Chris Humphrey, Janet Yellen, Joe Biden, Donald Trump, There’s, David Cameron, Peter Thal Larsen, Thomas Shum Organizations: Monetary Fund, World Bank, REUTERS, Reuters, African Development Bank, Asian Development Bank, Group, FIRST, AAA, Bank, Moody’s, European Bank for Reconstruction, U.S, Thomson Locations: Thailand, Marrakech, Morocco, Washington, United States, China, Britain, Ukraine, U.S, Israel, Republic, United Kingdom, France

☆ Police seize pistol from military officer at Spanish amnesty protest
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Susana Vera / File... Acquire Licensing Rights Read moreMADRID, Nov 19 (Reuters) - A Spanish military officer was arrested with a pistol at a demonstration against an amnesty law which will benefit Catalan separatists involved in a failed 2017 bid for independence, police said on Sunday. About 1,500 people took part in the demonstration, the 16th consecutive protest outside the Socialists' headquarters. El Confidencial, a Spanish news site, reported on Sunday that the officer had a private weapon that was not a pistol used for military purposes. The independence referendum was declared illegal by the courts and resulted in Spain's worst political crisis for decades. Sanchez has defended the law saying an amnesty would help to defuse tensions in Catalonia.

Persons: Catalonia's, Susana Vera, Pedro Sanchez, Sanchez, Graham Keeley, Hugh Lawson Organizations: REUTERS, Zaragoza Military Academy, Socialist, Reuters, Socialists, Spain's Socialists, Spain's Socialist, Thomson Locations: Spanish, Madrid, Spain, MADRID, El, Catalan, Basque, Catalonia

☆ Biggest protest in Spain against Catalan amnesty law draws 170,000
▼ + stars: | 2023-11-18 | by ( Raul Cadenas Susana Vera | ) www.reuters.com time to read: +3 min

The amnesty will cover about 400 people involved in the independence bid that came to a head in 2017, including separatists but also police involved in clashes with activists. The independence referendum was declared illegal by the courts and resulted in Spain's worst political crisis for decades. The amnesty will be the largest in Spain since the 1977 blanket amnesty for crimes committed during the Francisco Franco dictatorship, and the first amnesty law approved in the European Union since 1991, according to Spain's CSIC research council. Protesters, including neo-Nazi groups, have held rowdy demonstrations outside the Socialist headquarters in Madrid for 15 nights consecutively since the deal was announced. In a survey by Metroscopia in mid-September, around 70% of respondents - 59% of them Socialist supporters – said they were against the idea of an amnesty.

Persons: Catalonia's, Pedro Sanchez, Sanchez, Alberto Nunez Feijoo, Santiago Abascal, Francisco Franco, Metroscopia, –, Graham Keeley, Susana Vera, Raul Cadenas, Silvio Castellanos, Clelia Oziel, Mike Harrison Organizations: Spain's Socialists, Spain's Socialist, Authorities, People's Party, Vox, European Union, Socialist, Thomson Locations: Madrid, Spain, MADRID, Catalan, Basque, Catalonia

☆ IMF may need to augment Egypt program amid Gaza war impacts, Georgieva says
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, addresses the media on the fourth day of the annual meeting of the IMF and the World Bank, following September's deadly earthquake, in Marrakech, Morocco, October 12, 2023. REUTERS/Susana Vera/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 17 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva told Reuters on Friday the Fund was "seriously considering" a possible augmentation of Egypt's $3 billion loan program due to economic difficulties posed by the Israel-Hamas war. Georgieva told Reuters in an interview on the sidelines of the Asia Pacific Economic Cooperation Summit that the conflict is "devastating" Gaza's population and economy and has "severe impacts" on the West Bank's economy and is also posing difficulties for neighboring countries Egypt, Lebanon and Jordan through the loss of tourism and higher energy costs. Reporting by David Lawder Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Kristalina, Susana Vera, Kristalina Georgieva, Georgieva, David Lawder, Chris Reese Organizations: International Monetary Fund, IMF, World Bank, REUTERS, FRANCISCO, Monetary Fund, Reuters, Asia Pacific Economic Cooperation, Thomson Locations: Marrakech, Morocco, Israel, Egypt, Lebanon, Jordan

Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera/File Photo Acquire Licensing RightsTOKYO, Nov 14 (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable. Suzuki made the remarks when asked about impacts from the weak yen on households which have been pressured by rising living costs due to higher import prices for fuel and food. "What's important is to maximise positive effects from the weak yen while mitigating negatives," Suzuki told reporters. Japan last intervened in the currency market - selling dollars and buying yen - in October last year.

Persons: Shunichi Suzuki, Susana Vera, Suzuki, Shinichi Uchida, Tetsushi Kajimoto, Kaori Kaneko, Satoshi Sugiyama, Chang, Ran Kim Organizations: International Monetary Fund, World Bank, REUTERS, Rights, Japanese Finance, Bank, Bank of, Thomson Locations: Marrakech, Morocco, Japan, U.S

☆ Spain's Sanchez to seek new term as PM in lower house on Nov. 16
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Susana Vera/File photo Acquire Licensing RightsMADRID, Nov 13 (Reuters) - Spain's acting Prime Minister Pedro Sanchez will seek to clinch a new term in a parliamentary vote on Thursday, the lower house speaker Francina Armengol said on Monday. The vote will follow a parliamentary debate scheduled to start at noon local time (1100 GMT) on Wednesday, she told reporters. Sanchez looks assured of winning a new term with an absolute majority of the 350-member assembly. After an inconclusive election on July 23, Sanchez's Socialist Party spent weeks negotiating with smaller parties, most of which had supported him in 2020 for his previous term. Reporting by Inti Landauro; Editing by David Latona and Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Sanchez, Andoni Ortuzar, Susana Vera, Francina Armengol, Sanchez, UPN's, Inti Landauro, David Latona, Andrew Cawthorne Organizations: Basque Nationalist Party, REUTERS, Rights, Junts, ERC, Sanchez's Socialist Party, Bildu, Canary Coalition, Thomson Locations: Madrid, Spain, Rights MADRID, Catalan, Basque, Navarre

☆ Germany's Scholz backs Spain's Calvino for EIB presidency
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Susana Vera/ File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German Chancellor Olaf Scholz on Saturday backed the candidacy of Spanish acting Economy Minister Nadia Calvino for the post of president of the European Investment Bank (EIB). "I think she will be a very good president of the EIB," Scholz said in an address to a weekend congress of the Party of European Socialists (PES) in Malaga, Spain. He added that they had worked well together in the past when they headed their respective countries' finance ministries. The EIB is currently led by German Liberal Democratic Party (FDP) politician Werner Hoyer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Nadia Calvino, Susana Vera, Olaf Scholz, Scholz, Werner Hoyer, Andreas Rinke, Vera Eckert, Kirsten Donovan Organizations: Monetary, Financial, International Monetary Fund, World Bank, REUTERS, Rights, Saturday, European Investment Bank, Party of European Socialists, European Union, Berlin, German Liberal Democratic Party, Thomson, Reuters Locations: Marrakech, Morocco, Malaga, Spain, Germany, France

Just holding the deal together through a full four-year parliamentary term will be a tough challenge, many predict. "The next legislative term will be very tough for the PSOE, it is likely it won't finish the whole term," said Catalan political analyst Joan Esculies. Spaniards have also been called to show their ire in town square demonstrations across the country on Sunday. For Andoni Ortuzar, the Basque Nationalist Party leader who also struck a deal with the Socialists on Friday, whether the government could hold would be a test of Spain's plurality. "We are different - we consider ourselves a different nation - and the question is whether we can live together comfortably," he said.

Persons: Sanchez, Pedro Sanchez, Francisco Franco, Junts, Carles Puigdemont, Joan Esculies, Alberto Nunez Feijoo, Andoni Ortuzar, Susana Vera, Emiliano Garcia, Puigdemont, Lluis Orriols, Ortuzar, Belen Carreno, Joan Faus, Emma Pinedo, Aislinn Laing, Alex Richardson Organizations: Deal, Spain's Socialists, Socialist, PSOE, People's Party, Socialists, Basque Nationalist Party, REUTERS, Catalan Socialist, Carlos III University, Thomson Locations: MADRID, BARCELONA, Catalan, Belgium, Catalonia, Spain, Madrid, Castilla, La Mancha, Spanish, Catalunya

☆ Canada says Alberta leaving CPP would add to economic uncertainty
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Susana Vera/File Photo Acquire Licensing RightsOTTAWA, Nov 3 (Reuters) - If the Canadian province of Alberta carries out a threat to withdraw from the Canada Pension Plan (CPP) it would add to economic uncertainty and hurt everyone in the country, federal Finance Minister Chrystia Freeland said on Friday. The so-called Alberta Pension Protection Act would require Albertans to vote in favor of a pension plan for the province during a public referendum before the provincial government would seek to withdraw assets, said the statement. But when asked whether she found it realistic that Alberta was entitled to 53% of CPP assets in 2027, according to a study commissioned by the Alberta government, Freeland said she did not. Freeland also cautioned that the Alberta government would need to negotiate how Canadians could live and work anywhere in Canada without jeopardizing their retirement. "Alberta would need to negotiate complex time-consuming portability agreements with the CPP and with the Quebec pension plan," she said.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Danielle Smith's, Smith, Justin Trudeau, Pierre Poilievre, Maiya Keidan, David Ljunggren, Kirsten Donovan Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, Canada, federal, Conservative Party, Thomson Locations: Marrakech, Morocco, Canadian, Alberta, Canada, Quebec, Toronto, Ottawa

☆ Canada warns of economic uncertainty if Alberta quits national pension plan
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Susana Vera/File Photo Acquire Licensing RightsOTTAWA, Nov 3 (Reuters) - Canada will face rising economic uncertainty if the province of Alberta carries out a threat to withdraw from the Canada Pension Plan (CPP), federal Finance Minister Chrystia Freeland said on Friday. Alberta Finance Minister Nate Horner later on Friday said the province would not leave fellow Canadians without a stable pension and its associated benefits. "For the past several weeks, Alberta has been having an open discussion about the possibility of establishing an Alberta Pension Plan that will benefit our seniors and workers," he said. The so-called Alberta Pension Protection Act would require Albertans to vote in favor of a pension plan for the province during a public referendum before the provincial government would seek to withdraw assets, the statement said. "Alberta would need to negotiate complex time-consuming portability agreements with the CPP and with the Quebec Pension Plan," she said.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Nate Horner, Justin Trudeau's, Danielle Smith's, Smith, Trudeau, Pierre Poilievre, Maiya Keidan, David Ljunggren, Kirsten Donovan, Paul Simao Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, Canada, federal, Alberta, Liberal, Danielle Smith's United Conservative Party, Conservative Party, Thomson Locations: Marrakech, Morocco, Canada, Alberta, Quebec, Toronto, Ottawa

[1/5] Spain's Princess Leonor arrives to swear an oath to the constitution at the parliament in Madrid, Spain, October 31, 2023. Those surveyed then gave Felipe VI an average score of 4.34 out of ten. Juan Carlos also did not attend Tuesday's ceremony. Juan Carlos has declined to comment on the various allegations of wrongdoing. Opponents of the monarchy see Juan Carlos' coronation in 1975 as illegitimate, saying he had been groomed to succeed dictator Francisco Franco.

Persons: Leonor, Susana Vera, Princess Leonor, King Felipe VI, Unidas Podemos, Sinaptica, Felipe VI, Juan Carlos I, Juan Carlos, Francisco Franco, David Latona, Andrei Khalip, Andrew Heavens Organizations: REUTERS, Rights, for Sociological Studies, Thomson Locations: Madrid, Spain, Rights MADRID, Wales, Catalonia, Basque, Galicia, Saudi Arabia, Abu Dhabi

☆ BOJ chooses slow path out of zero-rate limbo
▼ + stars: | 2023-10-31 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +4 min

REUTERS/Susana Vera Acquire Licensing RightsHONG KONG, Oct 31 (Reuters Breakingviews) - The Bank of Japan (8301.T) is taking the long road out of zero-interest rate limbo. On the face of it, BOJ Governor Kazuo Ueda and his colleagues made few policy changes at their latest meeting. The short-term interest rate remains negative, while the official yield target for 10-year Japanese government bonds is unchanged at 0%. However, the real challenge for Ueda is when to end the era of negative short-term interest rates. The BOJ’s nine-member board maintained its target for short-term interest rates of -0.1%.

Persons: Kazuo Ueda, Susana Vera, Haruhiko Kuroda, Ueda, “, Antony Currie, Thomas Shum Organizations: Japan, International Monetary Fund, World Bank, REUTERS, Reuters, Bank of Japan, U.S, Thomson Locations: Marrakech, Morocco, HONG KONG, Japan

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